Gold Price Analysis: Hawkish Fed pushes Gold further down, XAU/USD testing towards $1,930

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• Spot Gold prices are seeing further downside on Friday as investors pivot on Fed remarks.
• Fed looking more hawkish than market participants believed last week.
• US Dollar, US Treasury yields seeing gains for the week, Gold swoons.

XAU/USD prices are testing towards the downside on Friday, edging towards $1,930 after yesterday’s hawkish comments from Federal Reserve (Fed) Chairman Jerome Powell, who suggested that the Fed may not have achieved suitably restrictive monetary policy to contain inflation.