Gold Price Forecast: XAU/USD bears pounce and take a massive bite out of the market – by fx_ross Gold XAUUSD DollarIndex Fed CPI
, US CPI eyed, has dropped significantly lower on Monday. Not only did the price take out $1,675, but it has also made a low of $1,665.77, taking on a key support area as the markets stay on the theme of a hawkish Federal Reserve.
The yield on the 10-year US Treasury bond has made a high of 3.992%, surging in the last hour in what might be the last-ditch effort to breach the psychological 4.00% level having already cleared the prior week's highs. The next target beyond there is last month's high of 4.019%. In turn, the US dollar has reached a high of 113.333 after climbing from a low of 112.621 as per the DXY index which is now holding above both Friday's and last week's highs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week- S\u0026P 500,EUR/USD,Gold,Oil,BTC/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 9th, 2022 here.
Read more »
Gold Price Forecast: XAU/USD bears approach $1,680 support amid hawkish Fed betsGold price (XAU/USD) remains on the back foot around a one-week low, down for the fourth consecutive day to around $1,690 during early Monday morning
Read more »
Gold Price Forecast: XAU/USD is chipping away at critical support, eyes on a strong breakoutGold Price Forecast: XAU/USD is chipping away at critical support, eyes on a strong breakout – by fx_ross Gold DollarIndex Currencies Fed Commodities
Read more »
Gold Price Forecast: XAU/USD rebounds from below $1,685.00 as DXY struggles, US CPI eyedGold Price Forecast: XAU/USD rebounds from below $1,685.00 as DXY struggles, US CPI eyed – by Sagar_Dua24 Gold XAUUSD Fed Inflation RiskAversion
Read more »
Gold Price Forecast: XAU/USD drops below $1670 on a buoyant US dollar, risk-off impulseGold Price Forecast: XAU/USD drops below $1670 on a buoyant US dollar, risk-off impulse – by christianborjon Gold XAUUSD Metals Macroeconomics Fed
Read more »
Gold Price Forecast: XAU/USD rebounds to $1,700 with eyes on US inflation, Fed MinutesGold Price Forecast: XAU/USD rebounds to $1,700 with eyes on US inflation, Fed Minutes – by anilpanchal7 Gold XAUUSD Fed Inflation RiskAppetite
Read more »