XAUUSD (Intra-Day) - Market outlookToday, the XAU/USD pair has ambiguous dynamics: growth to the 1985.50 mark was replaced by a decline in quotations and now the price is in the 1981.50 area. In general, the pressure on prices over the past few weeks is due to the expected tightening of monetary policy by the world's leading regulators. Today, the RBA has already done this by raising the interest rate by 25 basis points. During the week, investors expect the same actions from the US Federal Reserve and the European Central Bank (ECB), while the European regulator may increase the cost of borrowing by 50 basis points at once. The Bank of England may also adjust the value next week. The likely tightening of monetary policy in the world's leading economies puts pressure on alternative assets, including precious metals. On the other hand, the resolution of the crisis of the large American lender First Republic Bank restrains the fall in prices. Recall that all of its assets were purchased by JPMorgan Chase & Co., and First Republic Bank customers will now have full access to their deposits.
