Gold Price Forecast: XAU/USD bulls move back in, market remains coiled – by fx_ross Gold Commodities DollarIndex Fed
The Gold price is back in line with the coil and would be expected to continue higher or at least stay sideways.
US consumer spending glided 0.1% higher in November after climbing 0.4% in October, in a sign that inflation is cooling, although not as much as markets need to see to start to expect a pivot from the Federal Reserve or a slowdown in their rate-hike path. Year-over-year, , the Personal consumption expenditures index, , landed at 5.5%, a half-percent cool-down from October. Stripping away volatile food and energy prices, the index was up on monthly and annual bases by 0.2% and 4.
The Gold price is back in line with the coil and would be expected to continue higher or at least stay sideways. Failing this, then an even deeper move in Gold price would be on the cards for the days ahead, making the case for a significant downside correction with $1,775 eyed.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD bulls need to commit at key trendline supportThe Gold price has dumped to a critical area on the daily charts, as shown below, losing some 1.5% on Thursday. The yellow metal is back below the psy
Weiterlesen »
Gold Price Forecast: XAU/USD prints bull flag ahead of United States Gross Domestic ProductGold price (XAU/USD) remains sidelined after retreating from a one-week high as traders await the key United States Gross Domestic Product (GDP) for t
Weiterlesen »
Gold Price Forecast: XAU/USD bears lurking at key resistance, eyes on $1,795Gold price is up 0.26% so far on Thursday, with the yellow metal now holding around $1,820 following a move from the lows of $1,813.46. Traders are wa
Weiterlesen »
Gold Price Forecast: XAU/USD tumbles after US data, hits two-day lows under $1,800Gold prices dropped sharply from nearly $1,820, reaching levels under $1,800 following the release of US economic reports. Looking for Santa’s rally E
Weiterlesen »
Gold Price Forecast: XAU/USD licks its wounds ahead of Federal Reserve’s preferred inflationGold price (XAU/USD) makes rounds to $1,793 as bears take a breather after a two-day losing streak during Friday’s sluggish morning. Even so, the yell
Weiterlesen »
Gold Price Forecast: XAU/USD braces for US PCE Inflation, Durable Goods Orders below $1,800Gold price (XAU/USD) treads water around $1,795 as it struggles to defend the first daily gains in three during Friday’s sluggish trading. In doing so
Weiterlesen »