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Gold Price Forecast: XAU/USD surges to a seven-month high, amid Powell's remarks

Started by forex4you, Dec 03, 2023, 10:08 am

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Dec 03, 2023, 10:08 am
Gold Price Forecast: XAU/USD surges to a seven-month high, amid Powell's remarks

Gold price extended to a new seven-month high in the mid-North American session after the US Federal Reserve Chair Jerome Powell welcomed recently revealed soft inflation data, though stressed core inflation "is still too high." At the time of writing, the XAU/USD is trading at around $2059, gaining more than 1.10%.

Source: Gold Price Forecast: XAU/USD surges to a seven-month high, amid Powell's remarks
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