Gold Price Forecast: XAU/USD consolidates near record highs as Fed looms – FXStreet
XAU/USD Current Price: $2,572.12 The Federal Reserve is about to announce its decision on monetary policy. A 25 basis point cut is already priced in, but officials could still surprise the market. XAU/USD will likely turn lower in the short term and the Fed will determine the direction. Gold traded around $2,570 per troy ounce […]
US Dollar softens ahead of Fed rate decision – FXStreet
The US dollar is stabilizing as analysts are still debating the size of future rate cuts. Traders will likely sit and wait until a decision is made, followed by a press conference from Fed Chairman Powell. The US Dollar Index fell back on Wednesday after a small gain the previous day. Ahead of the Federal […]
Gold price in India: Rates on September 18 – FXStreet
Gold prices rose in India on Wednesday, according to data compiled by FXStreet. Gold price was at INR 6,927.79 per gram, up from INR 6,920.08 on Tuesday. Gold prices rose to INR 80,803.39 per tola from INR 80,714.48 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,927.79 10 grams […]
Australian Dollar appreciates due to risk-on mood ahead of US Fed interest rate decision – FXStreet
The Australian dollar is extending gains as risk sentiment improves ahead of the US Federal Reserve decision. The Reserve Bank of Australia's hawkish stance is supporting the Australian dollar. The US dollar is weakening as the Fed is likely to cut interest rates by 50 basis points on Wednesday. The Australian Dollar (AUD) rose for […]
Gold price remains close to record high, awaits pivotal Fed decision before the next leg up – FXStreet
Gold prices attracted bargain-hunting, reversing some of the previous night's correction. Expectations of a 50bps Fed rate cut are capping attempts by the USD to recover and providing support. Bulls appear hesitant to make aggressive bets in the face of major central bank event risks. Gold prices (XAU/USD) closed lower for the first time in […]
Australian Dollar remains subdued due to rising concerns over China economy – FXStreet
The Australian dollar is under downward pressure due to concerns about a worsening Chinese economy. A hawkish view on the Reserve Bank of Australia's policy outlook could limit the Australian dollar's decline. The US dollar is struggling as the likelihood of aggressive policy changes increases. Federal Reserve Interest Rate cut on Wednesday. The Australian dollar […]
GBP/USD rallies on Fed rate cut bets – FXStreet
GBP/USD re-surfaced above 1.3200 on Wednesday amid risk-on sentiment. The Fed's interest rate outlook is nailed on the ceiling as the market expects a 50bps cut. UK CPI inflation and the Bank of England's interest rate outlook will also be on the agenda this week. GBP/USD broke into higher territory on a quiet Monday, with […]
Gold price rises as Fed rate cut expectations grow – FXStreet
Gold prices rise as the probability of a 50bps Fed rate cut rises to 59% amid falling US Treasury yields. The US Dollar Index (DXY) fell 0.36% to 100.74, boosting the lower-yielding metal. Traders are awaiting U.S. retail sales and housing data on Tuesday ahead of the Fed's decision and Chairman Jerome Powell's press conference […]
Gold Price Forecast: XAU/USD consolidates gains near fresh all-time highs – FXStreet
XAU/USD Current Price: $2,582.67 Investors are awaiting the Federal Reserve's announcement and its first interest rate cut in four years. U.S. Treasury yields fell to new annual lows, weighing on the US dollar. XAU/USD has retreated slightly from its all-time highs, but bullish potential remains. Gold prices hit a new record high of $2,589.50 per […]
USD/INR strengthens as traders await Fed rate decision – FXStreet
The Indian rupee was trading lower in the early hours of the European market on Monday. A combination of lower crude oil prices, robust foreign capital inflows and strengthening Fed interest rate expectations is likely to limit INR depreciation. Investors are awaiting the release of India's trade balance and the US New York Empire State […]