Gold Price forecast: XAU/USD bears eye break of $1,800 and 200 DMA Gold DollarIndex Fed Currencies
US jobs market data is eyed as next key catalyst.
Gold prices fell for a second day on Wednesday although markets stabilised following yesterday’s rout as traders await the February Nonfarm Payrolls this week and Consumer Price Index data next week. at the time of writing, Gold price is flat near $1,1814 and has traded between $1,809.42 and $1,824.30.
Fed Chair Powell’s remarks in his repeat testimony to the House Financial Service Committee were that the Fed is data dependent, and no decision has been made yet about the size of a March hike, analysts at ANZ Bank said. ''This helped to calm price action, despite the fact that Powell’s assessment is that the Fed has underestimated the resilience of growth and inflation recently.
Meanwhile, Gold price is heavy due to the DXY Dollar index rising to the highest since December after Fed's Powell said in Tuesday's Senate testimony that the US economy is shrugging off higher interest rates and emphasised that the Fed was ready to raise rates higher and faster to slow growth and lower inflation. The ICE dollar index was last seen printing 105.66, making gold more expensive for international buyers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Gold Price Forecast: XAU/USD to suffer more pain on a break below $1,806 – TDSGold fell sharply following the hawkish comments from the Fed Chair Powell. Strategists at TD Securities note that the yellow metal could suffer addit
Consulte Mais informação »
Gold Price Forecast: XAU/USD rebounds to $1,850 as Fed's Powell to dodge hawkish guidanceGold price (XAU/USD) has shown a recovery move after a correction to near $1,844.00 in the Asian session. The precious metal has been supported by the
Consulte Mais informação »
Gold Price Forecast: XAU/USD holds steady below $1,850 level, awaits Powell’s testimonyGold price struggles to capitalize on its modest intraday gains beyond the $1,850 area on Tuesday and remains well below a nearly three-week high touc
Consulte Mais informação »
Gold Price Forecast: XAU/USD extends slide toward $1,830 ahead of Powell’s testimonyGold prices dropped further ahead of Federal Reserve Chair Jerome Powell's testimony on Capitol Hill as the US Dollar strengthened. XAU/USD bottomed a
Consulte Mais informação »
Gold Price Forecast: XAU/USD looks as if it has completed its correction – CommerzbankLast week, Gold gained 2.5% to reach $1,855. This week, Gold’s direction is likely to be determined by today’s testimony by Fed Chair Powell and the U
Consulte Mais informação »
Gold Price Forecast: XAU/USD sinks below $1,820 on Powell’s commentsGold price accelerated to the downside following the release of Fed Chair Powell's remarks. XAU/USD bottomed at $1,815, the lowest level in a week. It
Consulte Mais informação »