Gold Price Forecast: XAU/USD bears in the market below trendline support

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Gold Price Forecast: XAU/USD bears in the market below trendline support Gold Commodities DollarIndex Fed

Raises interest rate on marginal lending facility to 3.75% vs 3.25% prior.Refrains from signalling future rate moves in statement.Headline inflation expected to average 5.3% in 2023, 2.9% in 2024 and 2.1% in 2025.Elevated level of uncertainty reinforces importance of a data-dependent approach to ECB policy decision, which will be determined by its assessment of inflation outlook in light of incoming data and dynamics.

Analysts at ANZ Bank explained that ´´mainstream reports in the US that major US banks, working with the government, are in discussions to support California based First Republic Bank, also buoyed sentiment. US regional bank stocks climbed 5.

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