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Gold Outlook: Bears Eying $1,900 Breakout amid Aggressive Fed

Started by forex4you, Apr 25, 2022, 03:01 pm

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Gold Outlook: Bears Eying $1,900 Breakout amid Aggressive Fed

As the US dollar shows risk aversion, there is a downside risk for the XAU/USD pair. Fed policy calls for a 50 basis point rate hike in May. It is expected that interest rates will return to neutral sooner rather than later to curb inflation. The gold price outlook is strongly bearish as the Fed’s … Continued


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