Gold Price Forecast: XAU/USD edges lower ahead of Federal Reserve, holds above $1,800 – by hareshmenghani Gold Commodities Fed InterestRate SEO
e XAU/USD remains on the defensive heading into the North American session, albeit holds above the $1,800 mark as traders await the latest monetary policy update from the Federal Reserve.The softer-than-expected release of the consumer inflation figures from thereaffirmed expectations that the Federal Reserve will slow the pace of its policy tightening. In fact, the US central bank is expected to deliver a relatively smaller 50 bps at the end of a two-day policy meeting later this Wednesday.
suggest that the markets are pricing in a 25 bps rate hike at the next Federal Open Market Committee meeting in February 2023. This, in turn, should offer some support to the non-yielding Gold price.The market focus, meanwhile, will remain on the accompanying policy statement and the so-called dot plot. Investors will look for fresh cues about the future rate-hike path, which will help determine the next leg of a directional move for Gold price.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Price Forecast: XAU/USD holds comfortably above $1,800 ahead of FedFollowing Tuesday's impressive rally, Gold price moves up and down in a tight range above $1,800. As of writing, XAU/USD was virtually unchanged on th
Les mer »
Gold Price Forecast: XAU/USD lures bears on rising wedge confirmation ahead of United States inflationGold Price Forecast: XAU/USD lures bears on rising wedge confirmation ahead of United States inflation – by anilpanchal7 Gold XAUUSD Inflation SEO Fed
Les mer »
Gold Price Forecast: XAU/USD defies bearish odds ahead of the FedGold price holds steady above $1,800, consolidating the previous upswing. The yellow metal awaits US Federal Reserve for the next big move, FXStreet’s
Les mer »
Gold Price Forecast: XAU/USD confirms bearish wedge, bearish breakdown to extend?Where is the Gold price headed next after a rising wedge breakdown? FXStreet’s Dhwani Mehta analyzes XAU/USD’s technical outlook. Immediate resistance
Les mer »
Gold Price Forecast: XAU/USD to fall if US Core CPI beat estimatesGold price is attempting a minor comeback while within a familiar range below the $1,800 mark ahead of the all-important United States Consumer Price
Les mer »