Gold price (XAU/USD) has turned sideways after sensing demand around the critical support of $1,700.00. The precious metal is aiming to cross the $1,720.00 hurdle and will find its next barricade around $1,730.00. The yellow metal is holding its gains while the market sentiment is turning negative on escalating tensions between Japan and North Korea.
The option of announcing a third consecutive 75 bps rate hike by the Federal Reserve (Fed) is getting votes now. Earlier, the San Francisco Fed President Mary Daly said that inflation remains high, adding that more rate hikes are needed. She emphasized that the Fed is “resolute” on raising rates further to bring inflation down.
The option of announcing a third consecutive 75 bps rate hike by the Federal Reserve (Fed) is getting votes now. Earlier, the San Francisco Fed President Mary Daly said that inflation remains high, adding that more rate hikes are needed. She emphasized that the Fed is “resolute” on raising rates further to bring inflation down.
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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.