Gold Price Forecast: XAUUSD May Break 1,800 on FOMC - DailyFX
6/13/2022 12:00:00 AM2 years 10 months ago
by Thomas Westwater
by Thomas Westwater
Gold prices sank nearly 3% as traders priced in the chance for a 75-basis-point Fed rate hike following Friday's red-hot CPI data. Surging real yields spell more trouble for bullion prices.
Gold, XAU/USD, FOMC, Real Yields, US Dollar, 1800 Psychological Level - Talking Points
- Gold prices plummet as traders price in more aggressive Fed response
- A surge in real yields pu… [+2053 chars] full article...