Gold Price Forecast: XAU/USD advances towards $1,750 amid subdued DXY, US Durable Goods hog limelight – by Sagar_Dua24 Gold XAUUSD Fed Inflation DollarIndex
is displaying a subdued performance. A three-day winning streak in the US Dollar could get halted as the risk profile is indicating a shift in momentum.is setting the stage for reversal for the US Dollar. Meanwhile, Gold price is gaining traction as investors are turning anxious ahead of the release of the United States Durable Goods Orders data.
are under the scanner of short builders as chances for a slowdown in the rate hike pace by the Federal Reserve are escalating.As United States interest rates have reached nearby elevated levels and the inflation rate has displayed signs of extreme exhaustion, Federal Reserve policymakers have softened their ‘extreme hawkish’ stance on interest rates.
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