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Gold Bounces 2% as Bulls Take Control

Started by PocketOption, Oct 25, 2022, 11:17 am

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PocketOption

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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