Gold price (XAU/USD) recovers strongly as investors see no more interest rate increases from the Federal Reserve (Fed) for the remainder of 2023. The Fed seems to be done with its historically aggressive interest rate hiking cycle in the absence of economic indicators that support further upside risks to inflation. The recovery move in the precious metal is also backed by a correction in the US Dollar after China’s Retail Sales and Industrial Production were robust in August.
GOLD BUY TARGET : 1930
THEN
GOLD SELL TARGET : 1903
GOLD BUY TARGET : 1930
THEN
GOLD SELL TARGET : 1903
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