Gold Price Forecast: XAU/USD fits above $1960 as USD looks fragile, US CPI hogs limelight Gold Commodities XAUUSD CPI Fed
The US Dollar Index is looking vulnerable near its two-week low of around 103.20 as the market participants are anticipating that the energy component will keep significant pressure on the US inflation.
The pressure of higher chances for a neutral Fed policy is visible on US Treasury yields. The return delivered on 10-year US Treasury bonds has dropped to near 3.72%.Investors should be prepared for a sheer volatile action by the Gold price ahead of the US inflation data.
Adding to that, the Relative Strength Index is oscillating in the 40.00-60.00 range, which indicates that investors await crucial data.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD trades with a mild negative bias, just above $1,955 levelGold price kicks off the new week on a softer note and moves further away from a one-week high, around the $1,973 area touched on Friday. The XAU/USD
Read more »
Gold Price Forecast: XAU/USD eases to $1,960 ahead of US inflation, Fed announcementsGold Price (XAU/USD) begins the key week with mild losses, grinding lower to around $1,961 after witnessing a two-week winning streak. In doing so, th
Read more »
Gold Price Forecast: XAU/USD flat-lines around $1,960, awaits key central bank event risksGold Price Forecast: XAU/USD flat-lines around $1,960, awaits key central bank event risks – by hareshmenghani Gold Commodities Inflation CentralBanks XAUUSD
Read more »
Gold Price Forecast: XAU/USD traders await key US eventsGold price was a touch lower on Monday towards the close on Wall Street. closed with a small loss on Monday as the dollar moved higher ahead of the We
Read more »
Gold Price Forecast: XAU/USD stays defensive near $1,965 hurdle ahead of US inflationGold Price (XAU/USD) prods two-day downtrend with the latest corrective bounce off $1,950, grinding higher as it approaches the key $1,967 resistance
Read more »
Gold Price Forecast: XAU/USD breakout could be on the cards around key US eventsThe Gold price is flat ahead of key events that are taking place today and Wednesday on the US calendar. With all eyes on Wednesday's Federal Reserve
Read more »