Gold Price Forecast: XAU/USD finishes the week with gains near 1.80%, around $1950s By christianborjon Gold XAUUSD Commodities Metals
Global equities overnight reflected a mixed market mood, courtesy of Russia’s invasion of Ukraine, high inflation looming, and central bank tightening. Although discussions between Russia and Ukraine provided some advance in secondary matters, negotiations about main issues remain stuck. Meanwhile, once the NATO summit is in the rearview mirror, the US and the Eurozone agreed on natural gas supply deal to cut dependence on Russia.
Aside from this, the Federal Reserve hawkish pivot keeps weighing on the yellow metal. On Tuesday, Fed Chairexpressed that the Fed would do whatever necessary to return “price stability.” He emphasized that if needed to raise rates more than 25 bps, stated that “[Fed] we will do so.”
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