Gold Price Forecast: XAU/USD steadies on the way to $1,900, Fed’s Powell in focus By anilpanchal7 Gold YieldCurve XAUUSD Ukraine Fed
In doing so, the bright metal struggles for clear direction as the US dollar refrain from rising despite multi-month high Treasury yields. Also restricting the bullion’s immediate moves is the market’s anxiety ahead of a speech from Fed Chairman remains lackluster around 98.50 even as the US Treasury yields rally to a three-year high. The reason could be linked to the hopes that central bankers to return to normal after they’re done fighting the inflation woes.
That said, the 200-SMA defends intraday bulls around $1,914, a break of which will direct the quote towards an ascending support line from February 24, near $1,900 by the press time.
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