Gold Price Forecast: Bear flag, hawkish Federal Reserve concerns tease XAU/USD sellers Gold SEO XAUUSD Inflation Fed
ay uptrend. The lack of buying interest in the yellow metal could be linked to the hawkish Federal Reserve comments, as well as statements highlighting inflation fears from the United States diplomats. However, receding woes of the US-China ties and a light calendar probes the XAU/USD bears even as the technical analysis tease the Gold sellers.
That said, Fed Governor Christopher Waller teased a long fight with a 2.0% inflation target by citing expectations of tighter monetary policy for longer than expected. New York Federal Reserve President John Williams was almost on the same line while saying that the labor market is still very strong and noted that they have more work to do on rates, adding data will determine the path of rate hikes.
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