
Gold Price Prediction: XAU/USD retests the day’s low near $1,740; Jackson Hole steals the show
Gold price has broken below the $1,745.02-1,749.15 level, resetting the daily low to $1,740.00. The probability of a 50 basis point rate hike by the Fed is growing rapidly. A fall in US Durable Goods Orders during periods of rising inflation will have an effect on the DXY exchange rate.