Gold Price Forecast: XAU/USD bears eye a test of $1,600 – by fx_ross Gold XAUUSD DollarIndex Fed
The US dollar is pulling in the flows as markets move strongly risk averse.
''An added concern for the US Treasury market is that should a round of coordinated FX market intervention to weaken the USD occur, it would probably involve sales of US Treasuries by foreign central banks,'' analysts at ANZ Bank said. from 4.25-4.50% to 4.75-5.00%, with not only a 75bp hike in November and 50bp in December but also 25bp rate increases in February and March.''Gold, Chart of the Week: XAU/USD thrown to the bears at the edge of the abyss
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