Daily Market Updates: Gold weakens ahead of US PCE inflation amid hawkish Fed outlook

Forex

Home›Forex›Major Pairs›Gold weakens ahead of US PCE inflation amid hawkish Fe…

Gold weakens ahead of US PCE inflation amid hawkish Fed outlook

Reported · Written up by our desk · Major Pairs

Gold (XAU/USD) trades on the back foot on Thursday as the Federal Reserve’s (Fed) latest monetary policy announcement leaves a December hike firmly in play after the US central bank keeps interest rates steady at its October meeting.

Latest closeGold $4,079.60 ▲1.0%

← Newer storyUSD/CHF Price Forecast: US Dollar maintains its constructive bias whi…Older story →Lit cigarette, combustibles and ‘human fault’ led to deadly Hong Kong…

More like this

ForexUSD/CHF Price Forecast: US Dollar maintains its constructive bias while above 0.8270

ForexEuro: Cautious ECB outlook weighs – Commerzbank

ForexBitcoin Has Failed to Break Through Resistance, Whereas Bnb Is Gaining Ground

ForexEUR/USD Remains Under Pressure as the Fed Turns More Active

ForexEuro retreats within range with all eyes on ECB’s monetary policy decision

Sources

FXStreetGold weakens ahead of US PCE inflation amid hawkish Fed outlook

Forex

Gold weakens ahead of US PCE inflation amid hawkish Fed outlook

More like this

Sources

Get the close, explained.