Gold Price Forecast: Impending bull cross teases XAU/USD buyers near $1,670 – by anilpanchal7 Gold XAUUSD Fed YieldCurve RussianFederation
Risk off mood, hawkish Fed bets keep XAU/USD bears hopeful ahead of the key US CPI, FOMC Minutes.Gold price
That said, the DXY retreats from a one-week high to 113.00, down 0.15% intraday as traders brace for this week’s key events/data, namely Wednesday’s Fed Minutes and Thursday’s US“US can lower inflation relatively quickly without recession or large increase in unemployment,” said Chicago President Charles Evans on Monday. The policymaker also added that the Fed needs to "carefully and judiciously" navigate to a "reasonably restrictive" policy rate.
On a different page, Russia’s intense shelling on Kyiv, in reaction to the Crimean bridge explosion, joins the fears that the US and China could again be at loggerheads amid looming concerns surrounding Taiwan and South Korea to weigh on the XAU/USD prices.
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