Wednesday , 12 February 2025
Home Forex Gold sees weekly gains evaporate on Fed-infused decline
Forex

Gold sees weekly gains evaporate on Fed-infused decline

Gold’s price (XAU/USD) is facing some profit-taking pressure and trades below $2,900 throughout this Wednesday after Federal Reserve (Fed) Chairman Jerome Powell went to Capitol Hill for his semi-annual testimony before lawmakers the previous day

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US House budget projects $1.9 trillion deficit for fiscal year 2025, or 6.2% of GDP

The budget is just out.US House budget aims to raise debt ceiling...

BOE’s Greene: Disinflationary process is broadly on track

Evidence suggests to me that this weakness is more a question of...

NASDAQ rebounds, eyes hourly MA resistance

U.S. stocks opened lower but have since pared some of their losses...

Euro rebounds as the CPI move runs out of gas

The US dollar jumped following the hot CPI report but the move...