GOLD PRICE FORECAST: XAU/USD CONSOLIDATES JUST BELOW YTD PEAK AHEAD OF US MACRO DATA...來自anbiru

15 Apr 2023, 14:08 · 閱讀量 68

Gold price enters a bullish consolidation phase near a fresh one-year high touched on Friday. Expectations for an imminent pause in the Federal Reserve's rate-hiking cycle lend support. The prevalent US Dollar selling bias further contributes to limiting the downside for the metal.

Gold price consolidates its recent gains to a fresh one-year high and seesaws between tepid gains/minor losses through the first half of the European session on Friday. The XAU/USD is currently placed around the $2,040 area and seems poised to prolong its recent upward trajectory witnessed over the past month or so.

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