Gold Price Forecast: XAU/USD aims for stability above $1,930 as risk-on solidifies, US PMI eyed Gold XAUUSD Fed YieldCurve DollarIndex
EUR/USD has been trading near a 9-month high for the best part of the start of the week as the market's bank on rate hikes from the European Central Bank at the same time that they start to price a less aggressive Federal Reserve. EUR/USD vaulted the prior higher and scored a fresh bull cycle high of 1.0927. GBP/USD has managed to stage a rebound toward 1.2400 and erased a large portion of its daily losses.
Risk appetite and a weaker US Dollar partially offset the impact of higher US yields and the sharp decline in Silver price, keeping XAU/USD firmly above $1,900 on Monday. The bright metal found support at $1,910 a troy ounce and rebounded to the $1,920 zone.Bitcoin price shelves the comments from Fed speakers about the current rate path of the US. BTC is set to jump in a calm week as Fed speakers enter the blackout period before the first US central bank meeting this year.
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