Gold Price Forecast: XAU/USD moves lower in a technical test of critical support By ross_burland Gold Commodities Technical Analysis DollarIndex
he time of writing, gold is trading at $1,820,33 and is down some 0.32% after sliding from a high of $1,828.18 to a low of $1,812.42.
''We're going to end our asset purchases in March, meaning we'll be raising rates over the course of the year," Powell said on Tuesday at his confirmation hearing before the Senate Banking Committee. Bostic explained that the central bank should be aggressive with regards to the balance sheet as well, allowing its holdings to decline by at least $100 billion a month, and with plans to quickly pull at least $1.5 trillion out of financial markets that he considers pure "excess liquidity."
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