- Gold price remains under pressure as the US economy remains resilient despite higher interest rates.
- The US economy is comfortably absorbing the consequences of the Fed’s higher interest rates.
- Fed’s Collins says further policy tightening is not off the table.
Gold price (XAU/USD) trades back and forth as uncertainty over the interest rate outlook by the Federal Reserve (Fed) deepened. The upside in the precious metal remains restricted as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings. The US Dollar has also demonstrated a volatility contraction plot, but the broader trend remains bullish due to the resilient US economy.
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