{"id":162816,"date":"2023-09-26T09:02:06","date_gmt":"2023-09-26T03:32:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=162816"},"modified":"2023-09-26T09:02:06","modified_gmt":"2023-09-26T03:32:06","slug":"xau-usd-hovers-near-1910-with-a-negative-bias-focus-on-us-macros-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xau-usd-hovers-near-1910-with-a-negative-bias-focus-on-us-macros-crypto-news\/","title":{"rendered":"XAU\/USD hovers near $1,910 with a negative bias, focus on US macros &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Gold price looks to lose ground toward $1,900 amid US Dollar strengthens.<\/strong><\/li>\n<li><strong>Traders are still pricing in the likelihood of the Fed&#8217;s policy\u00a0rates to be higher for an extended period.<\/strong><\/li>\n<li><strong>Upbeat US Treasury yields are contributing support for the potential of the Greenback.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/metals\/gold\">Gold<\/a> price moves downward, trading lower around $1,910 per troy ounce during the Asian session on Tuesday. The US Dollar (USD) continues to strengthen, partly due to cautious market sentiment and higher US Treasury yields.<\/p>\n<p>The US Dollar Index (DXY) hovers near 106.00 at the time of writing. The index marked its highest level on Monday since November. The yield on the 10-year US Treasury note improved to 4.55%, a level that hasn&#8217;t been observed since October 2007.<\/p>\n<p>Moreover, the likelihood of high-interest\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> persisting for a prolonged period is based on the resilience of the United States (US) economy, which is putting pressure on non-yielding assets like Gold.<\/p>\n<p>According to Reuters, both US President Joe Biden and one of his senior advisers have issued warnings regarding the potential ramifications of a federal government shutdown. They expressed concerns that such a shutdown could result in widespread difficulties, including the loss of food benefits for nearly 7 million low-income women and children.<\/p>\n<p>The statement suggests that there was a prior agreement between President Joe Biden and House Speaker Kevin McCarthy regarding government spending levels. However, it is noted that the Republican-controlled House of Representatives may attempt to pass significant budget cuts this week.<\/p>\n<p>These proposed cuts would require approval by the Democratic-controlled Senate, which is expected to reject them. If both houses fail to reach an agreement on government spending, it could lead to a partial government shutdown by the following Sunday.<\/p>\n<p>Investors will likely watch\u00a0the macro releases such as US Consumer Confidence, Durable Goods Orders, Initial Jobless Claims and Federal Reserve&#8217;s (Fed) preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, which are scheduled to be released later in the week.<\/p>\n<p>These datasets may provide crucial insights into the inflationary pressures in the US economy and could impact the Fed&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">monetary policy<\/a>, which could influence the price\u00a0of Gold.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Gold price looks to lose ground toward $1,900 amid US Dollar strengthens. Traders are still pricing in the likelihood of the Fed&#8217;s policy\u00a0rates to be higher for an extended period. Upbeat US Treasury yields are contributing support for the potential of the Greenback. Gold price moves downward, trading lower around $1,910 per troy ounce [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,351,257,484,255,250,252,247,253,249,256,254,485],"class_list":["post-162816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-commodities","tag-cryptocurrency","tag-gold","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=162816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162816\/revisions"}],"predecessor-version":[{"id":162817,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162816\/revisions\/162817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5955"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=162816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=162816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=162816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}