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Gold Price Forecast: XAU/USD remains under pressure below $1,960, US ISM PMI eyed
The softer data could bring the Federal Reserve (Fed) closer to the end of its rate-hiking cycle. This may limit the US Dollar’s upside and act as a tailwind for the gold price. It’s worth noting that gold is sensitive to rising interest rates as they raise the opportunity cost of holding non-yielding bullion. Read […] The post Gold Price Forecast: XAU/USD remains under pressure below $1,960, US ISM PMI eyed appeared first on ForexTV...
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Posted: Aug 1 2023, 07:44
Author Name: forextv
Views: 110765