Gold Price Forecast: XAUUSD glides across bearish territory in consolidative markets – by fx_ross Gold DollarIndex Currencies Fed
etal has traveled between a tight consolidative range of $1,773.99 and $1,785.09 so far on the day. The precious metal sits near a three-month peak and remains buoyed by a softer dollar as investors expect that the Federal Reserve can ease its aggressive interest rate hikes following a round of data that points to slowing inflation.
"Whatever the final conclusions may be, it is clear that the party ultimately responsible for this tragic incident is Russia, which launched a barrage of missiles on Ukraine specifically intended to target civilian infrastructure," he said. The cooling tensions have curbed the appetite for both gold and the US Dollar.
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