Gold Price Forecast: XAU/USD stays in balance above $1,660 as DXY consolidated, Fed policy buzz – by Sagar_Dua24 Gold XAUUSD DollarIndex Fed Inflation
contraction of around $1,666.00. While the downside seems favored as the US dollar index is aiming to print a fresh two-week high above 110.30.
Price pressures have not displayed a justified response to the current pace of hiking borrowing rates by the Fed. Therefore, the Fed is expected to think out of the box and tight other quantitative tools along with a third consecutive 75 bps rate hike or so for a full percent rate hike.
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