Share: Economists at Commerzbank analyze how Wednesday’s Fed meeting could impact Gold price. Fed meeting in focus How the Gold price develops in the coming weeks will be dictated to a considerable extent by the Fed’s further rate outlook following the expected rate hike. If the Fed remains vague as regards its strategy […]
Share: Gold price struggles to gain any meaningful traction on the first day of a new week. Friday’s upbeat US data underpins the US Dollar and caps the upside for the metal. Bets that the Fed will soon end its rate-hiking cycle to help limit corrective decline. Gold price kicks off the new […]
Share: Gold price touches a fresh one-month high on Friday, albeit lacks strong follow-through. The US Dollar selling bias remains unabated and continues to lend support to the metal. The overnight hawkish remarks by Fed’s Waller act as a headwind for the XAU/USD. Gold price trades with a positive bias for the fourth […]
Share: Gold price ticks down during the Asian session on Wednesday, though lacks follow-through. Hawkish central banks and a modest US Dollar strength act as a headwind for the XAU/USD. Traders now keenly await the FOMC meeting minutes before placing fresh directional bets. Gold price edges lower during the Asian session on Wednesday […]
Share: Despite daily gains, the XAU/USD is set to close a third consecutive week of losses, near the $1,920 area. Declining yields amid soft PCE figures weakened the USD favouring Gold prices. On Friday, the gold spot XAU/USD traded with nearly 0.50% gains, jumping near the $1,920 area. Soft Personal Consumer Expenditures from […]
