Gold Price Forecast: XAU/USD to suffer further pressure if Powell hints a bigger rate hike of 50bps – Commerzbank Gold XAUUSD Fed Ukraine
Attention is turning to the rate hike decision to be taken by the US Federal Reserve. If FOMC Chairman Jerome Powell's comments on the policy
“At his most recent testimony before Congress, Fed Chair Powell had hinted that a bigger rate hike of 50 basis points might be possible at some point during the cycle. If Powell were to repeat this comment, gold might come under further pressure despite the interest rate expectations that are already priced in.
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