Fed Keep Sound Hawkish, Gold Price Undersell Pressure Yet To Dissipate?

Don’t miss the opportunity to make a profit, check the gold trend now>>

Although the unexpected resignation of British Prime Minister Tesla, coupled with the eighth consecutive monthly decline in September Existing Home Sales of United States, and the intensifying situation in Russia and Ukraine, all provided support for gold prices. However, Fed officials said that if inflation does not peak, the Fed will continue to raise interest rates. Even the interest rates may be well above 4% by the end of the year. Besides that, U.S. bond yields hit a new high, the U.S. dollar keep strengthen, put pressure on gold prices. Therefore, it is expected that the price of gold will continue its volatile downward trend in the short term.

The trend of gold can be paid attention to…

-Latest news on the Russian-Ukrainian war
– European Leaders Summit
– Speeches by US President Biden and Federal Reserve officials
– British political news
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
Daily Focus allows you to understand the gold market, increase profit opportunities, and seize the opportunity immediately.

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1. First, click here to register an HXFX account for free.
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4. Click “Quote”, select “XAUUSD” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the product according to the trends.

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Investing a small amount of money will bring greater benefits, but may also bring greater risk of loss.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.