Will SPOT GOLD – XAUUSD Price hit $1855 or $1755 today?

Gold price analysis on Non Farm Payrolls data day

Gold was hit hard on the back of a spike in US Treasury yields and the lingering anticipation around the Federal Reserve's telegraphed interest rate hike in March. Not only that, the Bank of England and the European Central Banks are firming up on their own monetary policy which is raising the opportunity cost of holding non-yielding bullion. However, besides the hawkishness at central banks, the US dollar has come unstuck this week from the Fed-bid. Instead, it has been sold heavily following less hawkish remarks at the start of the week from a chorus of Fed… Read full author’s opinion and review in blog of #LiteForex