Gold Price Forecast: XAU/USD Slump Extends Ahead of Fed Rate Decision - DailyFX

5/3/2022 12:00:00 AM3 years 10 months ago
by Warren Venketas

Lower gold prices endure this Tuesday morning as the U.S. dollar opens higher in anticipation of a 50bps Fed rate hike tomorrow.

GOLD OUTLOOK

  • Fed forecasts hurt gold prospects.
  • Dampened inflation expectations.
  • Mixed IG Client Sentiment.
XAU/USD FUNDAMENTAL BACKDROP Yesterday’s lower liquidit… [+3290 chars]

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