Gold Price Forecast: XAU/USD soars to $1982 post-Fed Powell’s dovish comments, tumbled the USD
www.fxstreet.com/news/gold-price-forecast-xau-usd-soars-to-1982-post-fed-powells-dovish-comments-tumbled-the-usd-202310191827
1 Users
0 Comments
3 Highlights
0 Notes
Tags
Top Highlights
Gold price (XAU/USD) extended its gains to three straight days and approached the next cycle high of $1982.15 a troy ounce after remarks from the US Federal Reserve Chair Jerome Powell weighed on the Greenback, as investors expect no further rate increases by the Fed.
Jerome Powell commented that policy is restrictive and that the Fed would proceed “carefully” in setting its policy
above-trend growth and a tight labor market “could warrant further tightening of monetary policy
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.