Gold price (XAU/USD) continues with its struggle to gain any meaningful traction on Friday and remains confined in a familiar trading range held since the beginning of this week. The incoming stronger US macro data, along with hawkish remarks by a slew of influential FOMC members, suggested that the Federal Reserve (Fed) will keep interest rates higher for longer. This, along with an extension of the risk-on rally across the global equity markets, turns out to be a key factors acting as a headwind for the safe-haven precious metal.
Xauusd buy now 2032limit trade 2029
Confrim Target 2050
Xauusd buy now 2032limit trade 2029
Confrim Target 2050
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.