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Gold Price Forecast: Further recovery in XAU/USD appears elusive but Powell holds the key fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Gold’s recovery faced stiff resistance just below the $1770 level. XAU/USD set to fall? Technicals are set to outweigh Evergrande risks, FXStreet’s Dh ....
Goldpreis-Prognose: Es drohen weitere Verluste in Richtung 1.700 Dollar finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
8/3/2021 6:29:45 AM GMT | By FXStreet Insights Team Gold is challenging the $1809 key support once again as risk-off trading returns but the yellow metal awaits US jobs data for fresh cues. Technically, gold’s daily chart shows a lack of clear directional bias, as FXStreet’s Dhwani Mehta notes. XAU/USD set to extend the range play above $1800 “China’s stock market return to the red zone, led by a sell-off in the stock prices of the online gaming companies after Chinese state media referred to their business as ‘spiritual opium’. Meanwhile, most of the major Asian economies are fighting the covid battle hard amid a relentless surge in cases, limiting gold’s decline.” ....
7/14/2021 12:53:24 AM GMT | By Anil Panchal Early Wednesday at 02:00 GMT market sees the monetary policy decision by the Reserve Bank of New Zealand (RBNZ). Amid widely accepted chatters of New Zealand’s central bank’s rate hike in 2021, today’s monetary policy meeting becomes the key despite lacking the economic forecast announcements. It’s worth noting that the RBNZ policymakers have been silent of late and the covid concerns are comparatively less severe than the other Pacific counterparts, making it suitable to be the first major central bank to offer a rate hike. Even so, market consensus favors no change in the benchmark interest rate, currently at 0.25%, or the Large Scale Asset Purchases (LSAP) during today’s monetary policy meeting. The forward guidance, however, be edit the previous line saying, “current levels of stimulus will remain in place for a considerable time.” ....