Would it go down to 2035?
Gold Price and US Dollar Recovery
• Gold (XAU/USD) price remains steady at $2,045 during Asian session.
• US Personal Consumption Expenditures (PCE) Price Index shows lowest annual inflation in three years.
• Potential future interest rate cut by the Federal Reserve.
• US Dollar's recovery from 200-day SMA supported by the precious metal.
• FOMC members indicate no rush to lower interest rates.
• Investors expect Fed to wait for June policy meeting before borrowing cost changes.
• Bullish sentiment in global equity markets deters new bullish bets on XAU/USD pair.
• Gold (XAU/USD) price remains steady at $2,045 during Asian session.
• US Personal Consumption Expenditures (PCE) Price Index shows lowest annual inflation in three years.
• Potential future interest rate cut by the Federal Reserve.
• US Dollar's recovery from 200-day SMA supported by the precious metal.
• FOMC members indicate no rush to lower interest rates.
• Investors expect Fed to wait for June policy meeting before borrowing cost changes.
• Bullish sentiment in global equity markets deters new bullish bets on XAU/USD pair.
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