Gold Price Forecast: XAU/USD pauses on the way to $1,975, Ukraine in focus By anilpanchal7 Gold Fed Ukraine Commodities RiskAppetite
Russia-Ukraine peace talks eyed amid hopes of ceasefire, Moscow’s aggression.
The yellow metal took a U-turn from a weekly high to print the biggest daily loss in a fortnight the previous day as market sentiment improved amid hopes of ceasefire talks between Russia and Ukraine. However, cautious mood ahead of the stated negotiations and increasing odds of a faster pace of Fed’s rate-hike seem to restrict the metal’s latest moves.of a probable meeting today, with a ceasefire on the table.
The geopolitical risks also hike the inflation woes and push Fed Chair Powell to suggest faster rate lifts, to the tune of 0.50% if needed. The same propelled inflation expectations and probabilities of such an action in March, as portrayed by CME’s FedWatch Tool and the 10-year breakeven inflation rate per the St. Louis Federal Reserve data.
Chair Powell’s testimony to entertain traders. However, Russia-Ukraine headlines will be crucial for the near-term direction.Despite the latest inaction, gold remains above the 10-month-old horizontal area amid the broad rush to risk safety.
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 to renew upside with eyes back on the $1,950 levelGold is easing from $1,950 so far this Wednesday. Will XAU/USD recapture $1,950 on Russia-Ukraine peace talks 2.0? There is room for another uptrend i
Read more »
Gold Price Forecast: XAU/USD to bounce higher as Ukraine crisis fuels growth concernsGold defends critical support line as Russia-Ukraine war flags growth risks. What next? FXStreet’s Dhwani Mehta highlights the key levels to watch out
Read more »
Gold Price Forecast: XAU/USD extends weekly gains hovers around $1920 post-ISM Manufacturing PMIGold Price Forecast: XAU/USD extends weekly gains hovers around $1920 post-ISM Manufacturing PMI By christianborjon Gold XAUUSD Metals Commodities
Read more »
Gold Price Forecast: XAU/USD juggles around $1,930 ahead of Russia-Ukraine peace talksGold Price Forecast: XAU/USD juggles around $1,930 ahead of Russia-Ukraine peace talks By Sagar_Dua24 Gold XAUUSD InterestRate RiskAppetite Ukraine
Read more »
Gold Price Forecast: Ceasefire discussions and a Hawkish Powell weigh on goldGold prices are under mild pressure this Wednesday, with the bright metal trading near its daily low of $1,913.04 after peaking at $1,947.90 a troy o
Read more »
Gold Price Prediction: XAU/USD set to melt on Bitcoin's fresh appeal, failure to benefit from warGold has failed to benefit from the major escalation in the war. US 10-year yields have crashed, yet $Gold is far from last week's highs. Bitcoin's fresh appeal is drawing money away from $XAUUSD by forexcrunch forex trading
Read more »