Gold Weekly Forecast: Hawkish Fed leads to third consecutive weekly loss
Gold (XAU/USD) opened with a bullish gap and registered strong gains in the first half of the week, but a hawkish Federal Reserve (Fed) spoiled the party.
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The Iran war didn’t break the US economy, but what happens next?
Nearly four months after the start of the Iran war, the US economy remains remarkably resilient.
Gold Price Forecast: XAU/USD remains a lose-lose trade despite the US-Iran peace deal
Gold is refreshing weekly lows near $4,175 in Friday’s Asian session as sellers refuse to give up and look to clinch a third straight weekly loss.
FX daily: US holiday offers Japan intervention window
The dollar has retained its post-Fed gains, keeping USD/JPY well bid. Today’s US holiday may offer attractive liquidity conditions for new JPY FX intervention. In the UK, Andy Burnham secured a parliamentary seat and is widely expected to become the new Prime Minister in coming months.
Gold Price Forecast: XAU/UISD remains a lose-lose trade despite the US-Iran peace deal
Gold is refreshing weekly lows near $4,175 in Friday’s Asian session as sellers refuse to give up and look to clinch a third straight weekly loss.
Back above 100: Kevin Warsh’s first Fed meeting sparks US Dollar rally
The US Dollar Index (DXY) did a phoenix comeback, rising from its ashes and reconquering 100. The reasons behind the US Dollar rally are pretty clear: the Memorandum of Understanding (MOU) between the United States (US) and Iran, and a hawkish Federal Reserve (Fed).