Gold Price Forecast: XAU/USD holds steady above $1,955 level on bearish US Dollar – by hareshmenghani Gold Commodities CentralBanks InterestRate XAUUSD
s in a narrow trading band through the Asian session on Friday. The XAU/USD is currently placed just above the $1,955 level and remains well within a familiar trading range held over the month or so. struggles to register any meaningful recovery and languishes near a five-week low amid expectations that the Federal Reserve is nearing the end of its year-long rate-hiking cycle.
The aforementioned fundamental backdrop makes it prudent to wait for strong follow-through buying before confirming that the Gold price has formed a near-term bottom. In the absence of any relevant market-moving
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