Gold Price Forecast: XAU/USD rebound needs validation from $1,730 and Fed Chair Powell – by anilpanchal7 Gold XAUUSD Fed RiskAppetite Recession
marks the biggest daily loss in 12 days, down 0.30% intraday around 106.90 by the press time, as risk appetite improves amid chatters surrounding the US-China ties and the European energy crisis.
Moving on, risk catalysts and the US Durable Goods Orders for June, expected -0.4% versus 0.8% prior, could entertain gold traders ahead of the Federal Open Market Committee meeting. It should be observed that the market has already priced in the Fed’s 75 basis points rate hike and hence Fed Chair Powell needs to do more to lure the XAU/USD bears.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Technical Outlook: Gold Support in Focus– XAU/USD Fed LevelsGold prices have rebounded off key technical support with the recovery now in focus heading into major event risk this week. While the broader outlook stays weighted to the downside, the threat for a larger rebound remains while above 1696.
Read more »
Gold Price Forecast: XAU/USD remains on the defensive, downside seems cushionedGold kicked off the new week on a softer note and moved further away from over a one-week high, around the $1,739 region touched on Friday. The XAU/US
Read more »
Gold Price Forecast: XAUUSD surrenders intraday gains amid modest USD strengthGold attracted some selling near the $1,728 region on Tuesday and retreated to the lower end of its daily range during the first half of the European
Read more »
Gold Price Forecast: XAUUSD drops toward $1710 as market sentiment deterioratesGold prices failed to hold to gains on Monday, hit after Gazprom’s announcement that will slow flows on the Nord Stream 1 pipeline, triggering a decli
Read more »
Gold price slips as investors prepare for another big rate hikeThe biggest factor influencing gold is the anticipation of the Fed meeting, analyst said.
Read more »
Reese Witherspoon Wears Schiaparelli Dress Embellished With Gold and Silver Beads at ‘Surface’ PremiereReese Witherspoon looked to her signature elegant style for her latest red carpet appearance.
Read more »