Gold Price Forecast and Influence of Data on Fed Decision - MUFG Analysis

Thursday, 22 February 2024, 10:26

Gold prices are showing an upward trend as traders anticipate upcoming interest rate decisions from the Fed. The short-term movements of XAU/USD are likely to be impacted by data shaping the Federal Reserve's policy decisions.
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Gold Price Forecast and Influence of Data on Fed Decision - MUFG Analysis

Gold Price Forecast

Gold prices are on the rise, driven by market anticipation of upcoming interest rate actions by the Federal Reserve.

Fed Decision Data Influence

Traders are closely monitoring economic data that could shape the Fed's policy decisions, impacting the short-term movements of XAU/USD.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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