Earlier this week the Fed signaled that borrowing costs could still rise as much as 50 basis points by the end of the year. This, coupled with a modest increase in US Treasury yields, helped the US dollar recover slightly from its lowest level in more than a month.
However, the cautious mood ahead of US data and Fed Chairman Jerome Powell's testimony next week is challenging the gold bulls, especially after the moves of the central bank this week.
Today I hope gold will return to the price range
XAUUSD
1950-1955
And my goal will be: 1965 - 1977
However, the cautious mood ahead of US data and Fed Chairman Jerome Powell's testimony next week is challenging the gold bulls, especially after the moves of the central bank this week.
Today I hope gold will return to the price range
XAUUSD
1950-1955 And my goal will be: 1965 - 1977
Comment:
Gold returned to 1953 and then rose to1961.
