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Gold price (XAU/USD) struggles for a direction with further upside seemingly imminent as the Federal Reserve (Fed) sticks its head above the parapet, showing the guts to discuss interest rate cuts.
Feds Daly: Sees underlying strength in the economy Tue 25 May 2021 19:35:55 GMT The San Francisco Fed president Mary Daly is speaking on CNBC and says: Sees underlying strength and economy. Bullish on the fall Will need to ride through economic data volatility Transitory isn't about timing, it's about what's driving the increases in inflation Firmly in transitory in view on inflation. No sign that long-term prices are rising in a way that is continuous House prices are supported by strong economy. Expects housing prices to moderate We are talking about talking about tapering Right now polic...