Gold Price Forecast: XAU/USD Extends Its Downside Below $1,950 Ahead Of US PMI, Fed’s Powell Speech
October 01, 2023 at 21:18 PM EDT
Gold price loses traction below the $1,850 mark as the US Dollar (USD) resumes its upward path. The annual Core PCE Price Index grew 3.9% vs. 4.3% prior. The US passed bills to prevent a government shutdown following Friday's session.