XAU/USD Analysis: Gold's Rally Meets Reality as Fed Hike Odds Surge
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Xau/USD Analysis: Gold's Rally Meets Reality as Fed Hike Odds Surge - ActionForex
Gold has hit a wall this week, sliding to two-week lows near $4,320 and posting an 8.7% drop from last week’s three-month highs near $4,700. The catalyst is unmistakable: Fed Chair Warsh’s hawkish Jackson Hole remarks, warning the Fed still has “work to do” without clearer evidence inflation is returning to target, sent September hike […] The post Xau/USD Analysis: Gold’s Rally Meets Reality as Fed Hike Odds Surge appeared first on ActionForex.
Expectations that the Fed will raise interest rates this month reached 70 percent after a sharp rise in global bond yields and oil prices. Ounces of gold, which fell to a 3-week low on hawkish messages and inflation pressure, hung below $4,300, while ounces of gold traded at 6,682 pounds.
Gold Price Forecast: Hawkish Fed Expectations Push XAU/USD Further Below $4,300
BitcoinWorld Gold Price Forecast: Hawkish Fed Expectations Push XAU/USD Further Below $4,300 Gold price (XAU/USD) has extended its decline, trading further below the $4,300 mark as of [current date], pressured by growing expectations that the Federal Reserve will maintain a hawkish monetary policy stance. The dollar’s strength, driven by these prospects, continues to weigh on the precious metal, which is now testing key support levels. What is […
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