Will gold break through Fed barriers? Forecast as of 23.02.2024
The yellow metal faces a barrier as the Federal Reserve is concerned about a comeback of the 70s with three inflation peaks and a double recession. Will XAUUSD bulls break it through? Let’s discuss it and make a trading plan. Weekly fundamental forecast for gold What could drive gold to a new historical peak? A substantial increase in gold buying by central banks and more aggressive rate cuts by the Fed, compared with market expectations. Jerome Powell's failure to scare investors and a subsequent dovish turn by the Fed allowed the XAUUSD to set a new record and grow 13%... Read full author’s opinion and review in blog of #LiteFinance
The yellow metal faces a barrier as the Federal Reserve is concerned about a comeback of the 70s with three inflation peaks and a double recession. Will XAUUSD bulls break it through? Let’s discuss it and make a trading plan.
Weekly fundamental forecast for gold
What could drive gold to a new historical peak? A substantial increase in gold buying by central banks and more aggressive rate cuts by the Fed, compared with market expectations. Jerome Powell's failure to scare investors and a subsequent dovish turn by the Fed allowed the XAUUSD to set a new record and grow 13%... Read full author’s opinion and review in blog of #LiteFinance
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