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Gold Forecast: Wobbling Around $1,800 as Sentiment Remains Cautious

Started by forex4you, Feb 03, 2022, 01:20 pm

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Feb 03, 2022, 01:20 pm
Gold Forecast: Wobbling Around $1,800 as Sentiment Remains Cautious

Due to a weakening dollar, gold has gained strength. The US jobs report did not impress the dollar, which fell as Fed officials reduced expectations of an aggressive rate hike. XAU/USD is set to fall further on the Fed’s hawkish stance. The gold price forecast is mildly positive as the US dollar remains backfoot. However, … Continued


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