Gold Price Looks Vulnerable Whilst Below $1,941

Gold Price

Gold Price Today: Amidst the hawkish Fed’s outlook and the Russia-Ukraine stand-off, gold price is struggling to find a clear direction. The bright metal continues to gyrate in a $20 narrow range so far this week, looking for a decisive break in either direction.

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Gold Price Looks Vulnerable Whilst Below $1,941 via @marketinvestor

Gold Price’s Road to Recovery Eyes $1,940

Gold Price

Gold price remains in the hands of buyers this Thursday, following a decent comeback amidst a hawkish Fed and worries over the Russia-Ukraine peace talks. Concerns over risks to global economic growth play out and influence gold price, in the aftermath of the Fed decision, as the focus remains on the ongoing Russia-Ukraine peace talks.

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Gold Price’s Road to Recovery Eyes $1,940 via @marketinvestor

Gold Price Skids Near $1,940 Amid Fed Policy

Gold Price

Gold Price Forecast: Gold price have slipped near $1,940 as investors are waiting for the announcement of the interest rate decision by the Federal Reserve (Fed). Fed Chair Jerome Powell is likely to stand with the testimony’s announcement of a 25-basis point (bps) rate hike in the monetary policy on Wednesday.

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Gold Price Skids Near $1,940 Amid Fed Policy via @marketinvestor

Gold Price Tests Support At $1975

Gold Price

Gold price is trying to settle below the support level at $1975 as the pullback from the yearly highs continues. The new round of negotiations between Russia and Ukraine has just begun, but it remains to be seen whether it will bring any breakthroughs.

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Gold Price Tests Support At $1975 via @marketinvestor

Gold Price Buyers Fight Back Despite Upbeat

Gold Price

Gold Price accelerated its slump early in the US session and traded as low as $1,975.67 a troy ounce roughly $95 down from Tuesday’s multi-month high. What began as a corrective decline has become some rushed profit-taking after the bright metal rallied sharply in the last couple of days.

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Gold Price Buyers Fight Back Despite Upbeat via @marketinvestor