Gold Price Forecast: XAUUSD drops back to low $1950s, weighed as US yields/dollar surge on hawkish Fed bets - FXStreet

Spot gold's (XAU/USD) on-the-day losses have extended to more than $25.00 in the second half of US trading hours.

• Bets for more aggressive Fed rate hikes, stronger USD prompted some selling around gold.
• However, a worsening global economic outlook and rising inflationary pressure/stagflationary r… [+2725 chars]
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