Gold Price Forecast: Bullish Reversal Takes Shape
Gold prices are overcoming technical resistance after barrage of central bank headlines over the past 24-hours.
Source: dailyfx.com
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Gold prices are overcoming technical resistance after barrage of central bank headlines over the past 24-hours.
Gold prices are losing ground ahead of what should be the highest US inflation reading in decades.
The Fed’s renewed focus on combating inflation may duly prevent a significant rally by gold prices henceforth.
Gold prices have been obliterated this week as Fed rate hikes have surged around commentary from Fed Chair Powell and incoming Fed Vice Chair Brainard.
A stronger US Dollar and negative monthly seasonal tendencies leaves gold prices on unstable footing.