The Federal Reserve is widely expected to leave monetary policy settings unchanged following the January meeting. Fed Chairman Powell’s presser could provide important clues about the rate outlook. The US Dollar could come under bearish pressure if the Fed leaves a rate cut in March on the table. The United States (US) Federal Reserve…
Gold price catches fresh bids on Friday amid trade war fears and geopolitical tensions. The USD hits a fresh two-week low and offers further support to the XAU/USD pair. Bets for slower rate cuts by the Fed might keep a lid on the non-yielding yellow metal. Gold price (XAU/USD) sticks to its intraday bullish bias…
Gold price struggles to capitalize on its modest bounce from a one-week low. Rebounding US bond yields underpin the USD and weigh on the XAU/USD. Traders now look to FOMC meeting minutes for some meaningful impetuses. Gold price (XAU/USD) retains its negative bias for the second straight day and trades just above a one-week low…
