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XAU/USD Outlook: Gold Weighed Down by Hawkish Powell, Key Supports at $1900 Zone Eyed

Started by PocketOption, Mar 23, 2022, 04:13 am

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PocketOption

XAU/USD Outlook: Gold Weighed Down by Hawkish Powell, Key Supports at $1900 Zone Eyed

Spot gold stands at the back foot following comments from Fed Chair Powell, which signal hawkish approach in tackling soaring inflation and lifted dollar. The metal's price moved towards the lower boundary of the range (($1894/$1949) that extends into fifth day, signaling that expectations of more aggressive approach from the US central bank remain dominant […]


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