Gold Price Forecast: XAU/USD bulls could emerge ahead of Federal Reserve Gold SEO Currencies DollarIndex Fed
he European Central Bank as the key events, the Bank of England and also the United States of America jobs data. The Gold price is down some 0.29% so far having lost territory from a high of $1,934.56 and running into a low of $1,920.74 so far.
The US Dollar and US Treasury bond yields rose ahead of this week's meeting of the Federal Reserve's policy committee. The markets are pricing in a 25 basis point hike but they are also looking for the benchmark rate to peak at 4.93% in June, up from 4.33% now. There are also calls for the central bank to cut it to 4.52% by December.
Analysts at Brown Brothers Harriman argued that headline Personal Consumption Expenditure inflation of 5.0% YoY in December is still running more than double the Fed’s 2% target.
will be key and the expectation is a rise to 3.6% from 3.5% in December which would be likely damaging to the US Dollar and supportive of the Gold price.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oil falls ahead of OPEC+, U.S. Federal Reserve meetingsOil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility.
Leer más »
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin NewsThe U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System.
Leer más »
Gold Forecast: Gold Continues to Chop in a Tight ChannelGold markets have initially fallen during the trading session on Monday, where we had reached the $1920 level, and then ended up bouncing.
Leer más »
Gold Price Forecast: XAU/USD senses hurdles around $1,930 as market mood sours, yields extend gainsGold price (XAU/USD) has sensed barricades while attempting to cross the critical resistance of $1,930.00 in the Asian session. The precious metal has
Leer más »
Gold Price Forecast: XAU/USD consolidates in a range, awaits key central bank meetingsGold price kicks off the new week on a subdued note and oscillates in a narrow trading band through the mid-European session. Currently placed around
Leer más »
USD/JPY Forex Signal: Sits and Waits for a Busy WeekThe USD/JPY price remained in a consolidation phase in the past few days ahead of the upcoming Federal Reserve interest rate decision.
Leer más »