Gold Price Forecast: XAUUSD eyeing a big break below $1,703 – Confluence Detector - FXStreet
7/14/2022 12:00:00 AM2 years 9 months ago
by Dhwani Mehta
by Dhwani Mehta
Gold Price loses its shine once again, as aggressive Fed tightening bets bump up following the hotter-than-expected US inflation data. According to th
- Gold Price remains overwhelmed by markets’ pricing in of a 1% July Fed rate hike.
- US dollar is a clear winner, benefiting from risk-off flows and firmer yields.
- XAUUSD downs… [+2674 chars] full article...