Gold Price Forecast: XAU/USD stays defensive above $1,800 ahead of United States Nonfarm Payrolls Gold XAUUSD SEO NFP Fed
That said, the yellow metal’s latest inaction could be linked to an absence of major surprise from the market, as well as a cautious mood ahead of Friday’s key United States employment report for February. However, the widest yield curve inversion since 1981 joins the hawkish rhetoric from Fed Chair Jerome Powell to keep the XAU/USD bears hopeful.
Elsewhere, the US removed testing restrictions on travelers from China and joined a light calendar to allow the traders to lick their wounds after a volatile Tuesday. However, a clear downside break of the 3.5-month-old ascending trend line joins the impending bear cross on the Moving Average Convergence and Divergence indicator to keep the XAU/USD sellers hopeful.
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.
Gold Price Forecast: XAU/USD extends slide toward $1,830 ahead of Powell’s testimonyGold prices dropped further ahead of Federal Reserve Chair Jerome Powell's testimony on Capitol Hill as the US Dollar strengthened. XAU/USD bottomed a
Read more »
Gold Price Forecast: XAU/USD rebounds to $1,850 as Fed's Powell to dodge hawkish guidanceGold price (XAU/USD) has shown a recovery move after a correction to near $1,844.00 in the Asian session. The precious metal has been supported by the
Read more »
Gold Price Forecast: XAU/USD holds steady below $1,850 level, awaits Powell’s testimonyGold price struggles to capitalize on its modest intraday gains beyond the $1,850 area on Tuesday and remains well below a nearly three-week high touc
Read more »
Gold Price Forecast: XAU/USD looks as if it has completed its correction – CommerzbankLast week, Gold gained 2.5% to reach $1,855. This week, Gold’s direction is likely to be determined by today’s testimony by Fed Chair Powell and the U
Read more »
Gold Price Forecast: XAU/USD sinks below $1,820 on Powell’s commentsGold price accelerated to the downside following the release of Fed Chair Powell's remarks. XAU/USD bottomed at $1,815, the lowest level in a week. It
Read more »
Gold Price Forecast: XAU/USD plunges to near $1,810 as Fed prepares for higher terminal rateGold price has been dumped by investors on extremely hawkish Fed Powell’s commentary. S&P500 plummeted on Tuesday as more rates from the Fed confirm
Read more »