Gold Prices in India Experience a Decrease on April 23 on Nostr: Gold Price Forecast: Downside Appears More Compelling for XAU/USD =============== ...
Gold Price Forecast: Downside Appears More Compelling for XAU/USD
===============
#14566990 ver:0.87
Gold prices face downward pressure as Fed Governors suggest rate cuts are unlikely, leading to an uptick in US Treasury bond yields and supporting the US Dollar. Geopolitical tensions and economic data will be pivotal for gold's direction. Despite bearish technical patterns, the long-term outlook for gold remains bullish due to its safe-haven status and central bank buying. Canada's inflation and expectations of a strong US job report add to the downside pressure on gold. Expectations of a firmer Dollar will keep gold under pressure. #GoldPrice #Fed #USData #Inflation #SafeHaven...
#newstr #Gold #Xau/usd #UsDollar #Fed #Inflation #TechnicalAnalysis
https://here.news/story/14566990?ver=0.87Published at
2024-06-26 04:00:03Event JSON
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"content": "Gold Price Forecast: Downside Appears More Compelling for XAU/USD\n===============\t\n#14566990 ver:0.87\n\nGold prices face downward pressure as Fed Governors suggest rate cuts are unlikely, leading to an uptick in US Treasury bond yields and supporting the US Dollar. Geopolitical tensions and economic data will be pivotal for gold's direction. Despite bearish technical patterns, the long-term outlook for gold remains bullish due to its safe-haven status and central bank buying. Canada's inflation and expectations of a strong US job report add to the downside pressure on gold. Expectations of a firmer Dollar will keep gold under pressure. #GoldPrice #Fed #USData #Inflation #SafeHaven...\n\n#newstr #Gold #Xau/usd #UsDollar #Fed #Inflation #TechnicalAnalysis \n\n https://here.news/story/14566990?ver=0.87",
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