Ang XAU/USD ay umabot sa anim na buwang mataas sa gitna ng mahinang USD bago ang mga talumpati ng Fed
Gold prices (XAU/USD) have soared, reaching a six-month high, with a more than 0.50% increase in the early North American session. US economic data indicates a 6.1% YoY increase in home prices for September, as the Federal Housing Finance Agency (FHFA) reported. Speculation is growing that the Federal Reserve may halt interest rate hikes, contributing to the rise in Golds price. Gold price climbs to a six-month high, more than 0.50% on Tuesday, early in the North American session, as the Greenback remains on the defensive, undermined by falling US Treasury bond yields. At the time of writing, the XAU/USD exchanges hands at $2025, after bouncing from daily lows of $2011.79. XAU/USD reaches $2028.01 as the market anticipates potential Fed rate cuts The market mood shifted sour as participants await remarks from some US Federal Reserve (Fed) officials during the day. The US economic data revealed home prices, which expanded at a 6.1% YoY pace in September, according to the Federal Housing Finance Agency (FHFA). The report showed the cost of mortgage loans has fallen as the Fed kept rates unchanged for the last two meetings. Speculations are mounting that the US central bank is done raising interest rates, triggering a fall in US Treasury