Gold Price Forecast: XAU/USD rebound appears elusive amid hawkish Federal Reserve bets Gold XAUUSD SEO Fed Commodities
Treasury bond yields and the US Dollar retreat. However, the hawkish bets on the Federal Reserve’s next moves seem to weigh on the Gold price.US Dollar Index and the benchmark Treasury bond yields fade recent upside momentum as full markets return. Also challenging the greenback and the bond yields could be the latest comments from the Federal Reserve officials and the market’s concerns about the US recession.
With this, the US Dollar Index eases to 102.40 while printing the first daily loss in five. On the other hand, the US 10-year and two-year Treasury bond yields retreat to 3.40% and 3.99% at the latest. Further, the looming bear cross on the Moving Average Convergence and Divergence indicator also keeps Gold sellers hopeful of witnessing the quote’s further downside.
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