Gold Price Forecast: XAU/USD’s upside hinges on Fed and NFP Gold XAUUSD Fed NFP
is widely expected to raise its policy rate by 25 bps to the range of 4.5-4.75%. In case Powell continues to push back against the 'Fed pivot' narrative and tries to convince markets that they have no plans of cutting the policy rate before 2024, US T-bond yields could edge higher and weigh on. However, investors are unlikely to bet on a steady USD rebound before seeing the employment and inflation figures for January.
“Finally, the Prices Paid sub-index of the ISM's PMI report will be watched closely. The component is expected to decline to 65.5 from 67.6 in December. A lower-than-consensus print should hurt the USD and provide a boost to XAU/USD and vice versa.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD senses hurdles around $1,930 as market mood sours, yields extend gainsGold price (XAU/USD) has sensed barricades while attempting to cross the critical resistance of $1,930.00 in the Asian session. The precious metal has
Leer más »
Gold Price Forecast: XAU/USD consolidates in a range, awaits key central bank meetingsGold price kicks off the new week on a subdued note and oscillates in a narrow trading band through the mid-European session. Currently placed around
Leer más »
Gold Price Forecast: XAU/USD bulls could emerge ahead of Federal ReserveThe Gold price has drifted lower for a third day and is testing structure as we head towards key events this week, including the Federal Reserve and t
Leer más »
Gold Price Forecast: XAU/USD rebounds on China data, International Monetary Fund growth projectionsGold price (XAU/USD) licks its wounds around $1,925 after a three-day downtrend as market sentiment improves during early Tuesday. The reason could be
Leer más »
Gold Price Forecast: XAU/USD drops towards $1,900 on firmer US Dollar, mixed sentimentGold price (XAU/USD) holds lower grounds as sellers attack a short-term key support line near $1,920 heading into Tuesday’s European session. In doing
Leer más »
Gold Price Forecast: XAU/USD remains on track to attack previous week’s low at $1,911Gold price has reversed early recovery gains and remains on the defensive this Tuesday. XAU/USD could see an extended correction, FXStreet’s Dhwani Me
Leer más »