Gold Price Forecast: XAUUSD consolidates the rebound below key $1,960 level ahead of Powell Gold XAUUSD Commodities Technical Analysis Fed
is flirting with the session highs of 100.50, reversing a slide to near the 100.20 region. Meanwhile, the benchmark 10-year Treasury yields are rising 0.81% on the day, currently trading at 2.86%.
The sentiment on global markets will be also closely followed for its impact on the safe-haven Gold Price amid uncertainty over the Russia-Ukraine war, concerning inflation levels that threaten the economic recovery worldwide.Powell Preview: Fed Chair set to be humble due to three uncertainties, triggering a dollar downfall
The 14-day Relative Strength Index is inching lower below the midline, suggesting that a further downside could be in the offing.
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