Gold Price Forecast: XAU/USD Remains On The Defensive Below $1,940 Amid The Fed’s Hawkish Stance
September 25, 2023 at 04:49 AM EDT
Gold price loses traction near $1,920, holds below the 50- and 100-hour EMAs. The higher-for-longer interest rate narratives in the US lift the USD and weigh on gold price.
