Home Trading Fed Testimony Puts Gold Under Pressure

Fed Testimony Puts Gold Under Pressure


This week, gold fell to its lowest point as Jerome Powell reiterated that he is willing to increase rates faster.

The latest economic data is stronger than expected so there is more room for aggressiveness.

With gold dropping and the Dollar jumping, all eyes will be on this week’s NFP numbers to see the next course of action from the Fed.

XAUUSD 01.45
EURUSD 03:05

The post Gold Pressured by Fed Testimony Orbex Forex Trading Blog published the first version of this article.

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