Gold Price Forecast: XAU/USD to gain traction on a dovish Fed surprise Gold XAUUSD Fed NFP
“The Fed is widely expected to raise its policy rate by 75 bps to the range of 3.75%-4%. Markets are pricing in a 51.5% probability of the Fed hiking its policy rate by a total of 125 bps by end-2022. The market positioning demonstrates that the dollar has more room on the downside in case investors are convinced that the Fed will opt for a 50 bps hike in December. In that scenario, XAU/USD is likely to gather bullish momentum alongside falling US yields.
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