Fundamental analysis: current market price $1875
Gold Price was observed capitalizing on an overdue correction in the US dollar on 04 May 2022, as the Fed poured cold water on aggressive tightening bets. Fed Chair Jerome Powell explicitly said Wednesday that the US central bank is not considering a 75 bps rate hike in June, sounding a less hawkish tone than markets had expected. The US Treasury yields also took a beating while the Wall Street indices gallops on a risk-on market profile. The dollar also felt the pain from reduced demand for safe havens, aiding the Gold Price rebound on… Read full author’s opinion and review in blog of #LiteFinance