Title: Gold Bounces 2% as Bulls Take Control
Post by: PocketOption on Oct 25, 2022, 11:17 am
Post by: PocketOption on Oct 25, 2022, 11:17 am
Gold Bounces 2% as Bulls Take Control
Source: Gold Bounces 2% as Bulls Take Control (https://www.orbex.com/blog/en/2022/10/gold-bounces-2-as-bulls-take-control)
The yellow metal surged almost 2% on Friday, the most in over two weeks.
This came as the dollar and Treasury yields pushed lower amid expectations that large interest-rate hikes by the Fed could soon be over.
With another meeting scheduled soon, will we see more volatility on the Dollar as the Fed gears up for another hike?
Timestamps
XAUUSD 01:45
USOIL 03:10
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Source: Gold Bounces 2% as Bulls Take Control (https://www.orbex.com/blog/en/2022/10/gold-bounces-2-as-bulls-take-control)