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01-11-2023 12:56 PM | Source: Kedia Advisory
Gold Trading range for the day is 55460 - 56080 - Kedia Advisory
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Observations

? Gold Trading range for the day is 55460 - 56080

? Gold dropped as U.S. rate hike worries returned to the fore after two Fed officials

? Fed’s Bostic that policymakers should hike above 5% by early in the second quarter and hold them there for a long time.

? Fed's Powell: Without congressional laws, inappropriate for us to use our monetary or supervisory tools to promote a greener economy.

? Fed's Powell: The Fed has narrow responsibilities regarding climate-related financial risks.

 

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