Gold Price Forecast: XAU/USD slides toward $1,950 as China woes join hawkish Fed clues Gold XAUUSD China Fed RiskAversion
That said, headlines surrounding multiple banks cutting China’s growth forecasts recently challenged the market’sand weighed on the XAU/USD price. On the same line could be the hawkish comments from the Fed policymakers, as well as the latest report from the US central bank to Congress.
to get off the lows. Not only Fed’s Barkin but Chicago Fed President Austan Goolsbee and Federal Reserve Governor Christopher Waller also appeared a bit hawkish and helped the DXY to reverse from a multi-day low the previous day.Report to the US Congress, published Friday stated, “Inflation in the US is well above target and the labor market remains very tight,” as per Reuters.
Moving on, a light calendar and holiday in the US stocks, as well as bond, markets may restrict the Gold Price moves. Though,
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