Gold Price Forecast: XAU/USD bears take out key supports, eye $1,765 – by fx_ross Gold Currencies Commodities Fed DollarIndex
0.96% at the time of writing while the US Dollar has cut early losses to trade higher by some 0.25% as per the DXY index at 105.20.Investors are potentially moving to the sidelines ahead of the US data events this week that kick off with the US Consumeron Tuesday. This data comes ahead of the showdown event for the week in the Federal Open Markey Committee meeting that will conclude a week's long blackout period of Federal Reserve speakers.
''We expect a more hawkish tone than what he delivered to the Brookings Institution last month,'' analysts at Brown Brothers Harriman said who argued that ''the'With both Average Hourly Earnings and core Personal Consumption Expenditures flat-lining near 5% for most of this year, we don’t think this expected tightening path will get inflation back to target, not when the labour market remains so firm and consumption is holding up,'' the analysts explained.
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