Governor Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda, collectively cemented expectations of more tightening, as they struggle to tame inflation.
Looking ahead, Gold traders look to a raft of economic data releases from the United States, including the final revision to the Gross Domestic Product print, weekly Jobless Claims and Pending Home Sales, for fresh cues on the state of the US economy, which will significantly impact the Fed interest rates outlook. Ahead of that, Fed Chair Jerome Powell’s appearance at the Fourth Conference on Financial Stability hosted by the Bank of Spain, in Madrid, will hog the limelight.
Conversely, strong resistance is pegged near the $1,920 region, above which Gold buyers need to recapture $1,930 for a sustained recovery.Feed news