{"id":171816,"date":"2023-10-11T03:26:15","date_gmt":"2023-10-10T21:56:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=171816"},"modified":"2023-10-11T03:26:15","modified_gmt":"2023-10-10T21:56:15","slug":"xau-usd-flat-near-1860-on-unsteady-market-sentiment-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xau-usd-flat-near-1860-on-unsteady-market-sentiment-crypto-news\/","title":{"rendered":"XAU\/USD flat near $1,860 on unsteady market sentiment &#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>XAU\/USD is sticking close to Tuesday&#8217;s opening bids after Monday&#8217;s 1.5% gainer.<\/strong><\/li>\n<li><strong>Market sentiment is shifting, but holding steady after the weekend&#8217;s Gaza Strip escalation.<\/strong><\/li>\n<li><strong>US Treasury yields are easing for Tuesday, sapping momentum from spot Gold.<\/strong><\/li>\n<\/ul>\n<p>The XAU\/USD Gold spot price is holding flat for Tuesday&#8217;s trading session after the weekend&#8217;s geopolitical strain from an escalating Gaza Strip conflict sent Gold climbing nearly 3% from a near-term low of $1,810.51.<\/p>\n<p>Gold&#8217;s response to a ramping up of geopolitical tensions in the Middle East is likely subdued by inflation expectations and investors leery of the Federal Reserve&#8217;s (Fed) rate outlook; the Fed has kept the door wide open for an additional rate hike before the end of 2023, but a mix of dovish and hawkish comments from different Fed officials on Tuesday are obscuring the way forward.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/feds-kashkari-we-may-have-to-raises-rates-further-if-the-economy-stays-too-strong-202310101945\">Fed&#8217;s Kashkari: We may have to raises rates further if the economy stays too strong<\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/ny-fed-year-ahead-expected-inflation-edges-higher-to-37-from-36-in-august-202310101504\">NY Fed: Year-ahead expected inflation edges higher to 3.7% from 3.6% in August<\/a><\/p>\n<p>Inflation risks remain a key driver of Gold spot prices, and investors will be keeping a close eye on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Fed<\/a> before making any major market moves.<\/p>\n<p>Upshot commodity prices on geopolitical tensions and inflation fears will likely remain muted moving forward until investors draw a sharper forecast on the Fed&#8217;s &#8220;dot plot&#8221; rate hike expectations looking towards 2024.<\/p>\n<h2 class=\"fxs_headline_medium\">XAU\/USD Technical Outlook<\/h2>\n<p>Spot Gold remains firmly bearish in the medium-term despite the recent rebound in XAU\/USD prices, trading far below the 200-day Simple Moving Average (SMA) near $1,930, and an extended bullish move for Gold will quickly run into resistance from the 50-day SMA currently sinking into the $1,900 handle.<\/p>\n<p>XAU\/USD sees itself well off 2023&#8217;s highs near $2,080, with spot Gold down over 10.5%, or $220 per ounce.<\/p>\n<p>If Gold prices continue to sink, the XAU\/USD will be set to make a fresh low for the year and make a challenge of the $1,800 major handle, a price that hasn&#8217;t been by spot Gold since last December.<\/p>\n<h2 class=\"fxs_headline_medium\">XAU\/USD Daily Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">XAU\/USD Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: XAU\/USD is sticking close to Tuesday&#8217;s opening bids after Monday&#8217;s 1.5% gainer. Market sentiment is shifting, but holding steady after the weekend&#8217;s Gaza Strip escalation. US Treasury yields are easing for Tuesday, sapping momentum from spot Gold. The XAU\/USD Gold spot price is holding flat for Tuesday&#8217;s trading session after the weekend&#8217;s geopolitical strain [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,484,255,250,350,252,247,253,249,256,254,485],"class_list":["post-171816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gold","tag-gta","tag-looks-rare","tag-metals","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\/171816","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=171816"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171816\/revisions"}],"predecessor-version":[{"id":171817,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/171816\/revisions\/171817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7217"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=171816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=171816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=171816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}