Gold Price Forecast: XAU/USD shifts its business above $2,020 as Fed to remain steady on interest rates

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Gold Price Forecast: XAU/USD shifts its business above $2,020 as Fed to remain steady on interest rates Gold XAUUSD Fed Inflation Employment

reak above the psychological resistance of $2,000.00 on Tuesday after the release of weak Job Openings data confirmed that the

Investors will keep an eye on oil prices, as the only measure, which could impact the upside rally in the Gold price. Higher oil prices would stimulate global inflation as factory owners would pass on the impact of costly oil to end users. This could trigger some recovery in expectations for the continuation of a policy-tightening spell by the Fed.

 

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