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Gold Price Forecast: XAU/USD sticks to the range-bound trades below $2,030, eyes on US CPI data
Gold price (XAU/USD) oscillates in a narrow trading range of $2,020-$2,040 during the early Asian trading hours on Monday. The significant move in gold is unlikely amid an uncertain outlook on rates. The Japanese market is closed for the National Day holiday, while Hong Kong, Singapore, and mainland China markets are closed for the Lunar New Year holiday. Gold price currently trades near $2,025, down 0.02% on the day. The Federal Reserve (Fed) Chairman Jerome Powell said last week that while the central bank wants to see continued strong growth, a strong economy does threaten to send inflation up. Meanwhile, several ... (full story)
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- Posted: Feb 11, 2024 10:29pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 534
