Gold Price Forecast: XAU/USD sees upside to $1,980 after a hiatus, Fed’s policy guidance eyed By Sagar_Dua24 Gold XAUUSD Fed InterestRate Inflation
nd in the global markets generally creates uncertainty, which forces the market participants to bank uponAs quickly as we are inching towards the announcement of the monetary policy by the Federal Reserve , which will happen on May 3-4, gold investors will react largely upon the guidance by Fed policymakers. Considering the recent dictations by the Federal Open Market Committee members, an interest rate decision of 50 basis points rate hike has received tremendous bets.
Last week’s higher US Consumer Price Index at 8.5% has cleared that the Fed is left with no other option than to feature a jumbo rate hike. This will keep the gold prices on the edge. Also, the aggressive rate hikes by the Bank of Canada and Reserve Bank of New Zealand have bolstered the chances of a similar gesture from the Fed.
In the American session, investors will focus on the speech from the St. Louis Fed President and FOMC member James Bullard, which will provide insights into the likely monetary policy action by the Fed. However, the mega event will be the speech from Fed Chairhas tested the breakout of its previous critical level at March 24 high $1,966.18 multiple times. The 20- and 50-Exponential Moving Averages at $1.946.35 and $1,922.26 respectively are scaling higher, adding to the upside filters.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Abbey Clancy stuns in tiny brown and gold bikini as she poses for Insta snapAbbey Clancy, 36, slipped into a tiny brown string halterneck bikini for a photoshoot and shared a snap on Instagram on Saturday
Baca lebih lajut »
A gold-making titan is cutting nearly 20 percent of its carbon footprintThe World's largest gold mine, Nevada Gold Mine, has signed a deal to supply 17 percent of its energy needs from solar energy.
Baca lebih lajut »
'Gold fish crackers' exposed 3 Virginia toddlers to THC, sheriff saysThe Stafford County Sheriff said in March three toddlers were taken to a hospital after they showed 'lethargic and uncoordinated behavior as well as glassy, bloodshot eyes.'
Baca lebih lajut »
‘This can’t stand!’ SAPD police chief says after USA Paralympian’s gold medals are stolenJUST IN: San Antonio police are working to track down a man accused of stealing gold medals from a USA Paralympian after breaking into his vehicle overnight.
Baca lebih lajut »