Gold Price Forecast: XAU/USD bulls suffer around the 200-DMA and throw the towel as gold slips to $1820s By christianborjon Gold XAUUSD Commodities Metals Macroeconomics
hitting the wires at around 18:00 GMT. Regarding geopolitics linked to the Ukraine-Russia war, hostilities remain while the Russian Foreign Ministry Lavrov added that there are no talks with Ukraine., a measurement of the greenback’s value vs. a basket of rivals, remains soft in the day and drops to a two-week low, at 103.481, down some 0.68%, despite higher US Treasury yields, led by the 10-year benchmark note at 2.949%, gaining six basis points, a headwind for the yellow metal.
Louis Fed President James Bullard said that the continued strong growth trend for the US economy is the base case outlook for the next 18 months at least, and added that household consumption is expected to hold up well through this year. He emphasized that the base case scenario for the Fed is 50-bps rate hikes at upcoming Fed meetings.
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