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Gold Price Forecast: XAU/USD surges on weak US jobs data, warranting less aggressive Fed

Gold price advances almost 1% as the Greenback (USD) gets battered across the board, undermined by falling US Treasury bond yields after data prompted investors to cut bets on additional rate hikes by the US Federal Reserve (Fed). Hence, XAU/USD is trading at $1,937.89 a troy ounce after hitting a daily low of $1,914.57. Read […] The post Gold Price Forecast: XAU/USD surges on weak US jobs data, warranting less aggressive Fed appeared first on ForexTV... Read More
Posted: Aug 29 2023, 20:44
Author Name: forextv
Views: 102538

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