The yellow metal takes a U turn from the highest levels since June 2021 reached on the previous day. Traders focus on Fed after the Russian- Ukraine risk started to fade. The absence of Japanese traders also triggers the bearish trend of XAU/USD. Gold is flat against the US dollar during Wednesday trading session [...]
The precious metal - Gold climbed to reach a eight month high on Tuesday Asian session. Chatters of arrival of war troops, machines near Ukraine-Russia border creates tension and weighs on the market sentiment. U.S. Federal Reserve officials continued sparring over how aggressively to begin interest rate hikes at their March meeting. The yellow [...]
Gold edged higher and touched two weeks high amid broad US dollar weakness. US CPI is expect to rise to the largest since 1982. Comments from White house and Federal Reserve officials propels US CPI chatters. The yellow metal traded high and reached two-week high of $1835 against the greenback during Thursday Asian session. [...]
Fears of Fed rate hike underpins the precious metal's bullish move. Geopolitical tensions of Russia - Ukraine also extends support to the Bullion. Downbeat economic forecasts by the International Monetary Fund also favors the bullish move of XAU/USD. Gold is trading upside against the greenback during Wednesday ahead of Fed verdict. This move can [...]
