Gold Price Forecast: XAU/USD bears are lurking near a 38.2% Fibonacci Gold SEO Currencies DollarIndex
The Gold price bears are lurking around Federal Reserve's hawkish tones.
Federal Reserve chair Jerome Powell on Tuesday said the central bank will stay the course despite strong economic data which gave rise to the bin in the Gold price. The Federal Reserve's mantra that interest rates will stay higher for longer, however, came to light on Wednesday which underpinned the hawkish take of comments from Federal Reserve Jerome Powell's Economic Club of Washington on Tuesday when he said rates might need to move higher if the US economy remained strong.
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