Gold Price Forecast: XAU/USD rebounds towards $1,930 hurdle as US Dollar retreats amid mixed clues Gold XAUUSD Commodities Recession Fed
of Cleveland Loretta Mester praised the Fed’s actions to tame inflation. Further, Kansas City Fed President Esther George mentioned that the central bank must restore price stability, "that means returning to 2% inflation."
It should be noted that the downbeat US data allowed the Gold traders to regain upside momentum and probe the Fed hawks. That said, the Bank of Japan’s surprise inaction but the receding fears of the Federal Reserve’s aggressive monetary policy actions also drowned the United States Treasury bond yields on Wednesday.
It should be noted that the downbeat US Treasury bond yields put a floor under the Gold price. The Bank of Japan’s surprise inaction and receding fears of the Federal Reserve’s aggressive monetary policy actions drowned the
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