Gold Price Forecast: XAU/USD traders await key US events Gold Technical Analysis Currencies Fed
dnesday end of the two-day meeting of the Federal Reserve's policy committee. At the time of writing, Gold price was 0.11% offered and had travelled between a high of $1,967.01 and reached a low of $1,949.28.
''is likely to come down to the wire, but we maintain our long-held view that the Fed will tighten by a final 25bp in June to a range of 5.25%-5.50%. If the Fed decides to 'skip' the June meeting, we expect the decision to be accompanied by communication that leans hawkish , signaling a likely hike in July,'' analysts at TD Securities explained.
''Core prices likely stayed firm in May, with the index rising a strong 0.4% m/m for a second straight month, also matching the m/m avg since June 2022,'' analysts at TD Securities said. ''Goods inflation likely stayed positive, with shelter prices remaining the key wildcard . Retreating gas prices will drag non-core inflation. Our m/m forecasts imply 4.0%/5.3% YoY for total/core prices.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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