Gold Prices Rise on Softer US Dollar, but Fed Rate Hike Bets and Inflation Bets Pose Risks to XAU - DailyFX
8/3/2022 12:00:00 AM2 years 9 months ago
by Thomas Westwater
by Thomas Westwater
A risk-on APAC trading session is weighing on the USD, allowing gold prices to rise. A brightening economic outlook may soon illicit stronger FOMC rate hike bets, potentially threatening XAU.
Gold, XAU/USD, Inflation Forecast, Breakevens, Technical Forecast - TALKING POINTS
- Gold prices are trading slightly higher as a risk-on APAC session weighs on the US Dollar
- A pickup … [+2823 chars] full article...