Hawkish Fed Pauses Gold’s Ascent!

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/08/29085122/Market-Insights-7.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/08/29085122/Market-Insights-7.png 750w, https://assets.iorbex.com/blog/wp-content/uploads/2023/08/29085122/Market-Insights-7-300×172.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></div><p>With the Fed reaffirming its hawkish stance, Gold buyers are looking at a cap on the yellow metal.</p>
<p>After gaining positive traction for a second successive session, the $1930 handle becomes a major psychological level.</p>
<p>So, is this just a correction on Gold, or will buyers start pushing higher by the end of the week?</p>
<p>Timestamps</p>
<p>XAUUSD 01:45</p>
<p>DXY 03:05</p>
<p>The post <a rel="nofollow" href="https://www.orbex.com/blog/en/2023/08/hawkish-fed-pauses-golds-ascent">Hawkish Fed Pauses Gold’s Ascent!</a> appeared first on <a rel="nofollow" href="https://www.orbex.com/blog/en">Orbex Forex Trading Blog</a>.</p>