XAU/USD turns volatile after facing barricades around $1950 amid hawkish Fed bets
Gold price(XAU/USD) is displaying topsy-turvy moves after facing stiff resistance around $1948.00 post a less-confident pullback. The precious metal is expected to remain on edge as the street has changed its anticipation to a hawkish stance from neutral mood by the Federal Reserve(Fed) for JUne's monetary policy meeting.
S&P 500 futures have added significant gains in the early Tokyo session on hopes that US President Joe Biden will soon reach a bipartisan with Republicans for raising the US debt-ceiling limit. US President Joe Biden is scheduled to deliver remarks on the budget agreement at 10:25 GMT.
Gold price(XAU/USD) is displaying topsy-turvy moves after facing stiff resistance around $1948.00 post a less-confident pullback. The precious metal is expected to remain on edge as the street has changed its anticipation to a hawkish stance from neutral mood by the Federal Reserve(Fed) for JUne's monetary policy meeting.
S&P 500 futures have added significant gains in the early Tokyo session on hopes that US President Joe Biden will soon reach a bipartisan with Republicans for raising the US debt-ceiling limit. US President Joe Biden is scheduled to deliver remarks on the budget agreement at 10:25 GMT.
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Disclaimer
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.