Gold Price Forecast: XAU/USD Continues to Rise After Fed-Inspired Rebound from $1,960, Supported by Lower Yields – Confluence Detector Analysis
Gold price (XAU/USD) eyes another battle with the $2,000 mark Introduction: The Gold price (XAU/USD) is currently on the rise, approaching the crucial $2,000 mark. This surge is fueled by the Federal Reserve (Fed) induced gains, coupled with the downward trend of US Treasury bond yields and the weakening US Dollar. Despite initial fears of…