Gold Price Forecast: XAU/USD bears are making their moves, eye break of $1,930s Gold Fed DollarIndex Commodities
US Treasury yields and the USD surged in response to the Fed, weighing on investor appetite and the Yellow metal.
Gold price moved higher at the start of the US session after the easing of price pressures in Wednesday’s U.S. May PPI report was dovish for Fed policy. However, the hawkish hold at the Fed on Wednesday with Powell noting that even as officials have not decided what they will do at coming meetings, the July gathering is a "live meeting" that could bring another rate hike. Treasury yields and the USD surged in response, weighing on investor appetite.
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