Gold Price Forecast: Megaphone advocates XAU/USD volatility above $1,690, US data, Fed in focus – by anilpanchal7 Gold XAUUSD RiskAppetite Fed Inflation
on and China join a light calendar to portray the metal’s inaction during early Wednesday morning in Europe.
Also challenging the XAU/USD bears are hopes of more stimulus from China and expectations of a solution to the European energy crisis. In that regard, European Union Chief Ursula von der Leyen’s plans for the energy price capping and US Trade Representative Katherine Tai’s EU visit to meet European Commission Vice President Valdis Dombrovskis also favor cautious optimism.
Amid these plays, the US Treasury yields dribble around the multi-day top marked the previous day while S&P 500 Futures print mild gains at the latest.
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