XAU/USD soared, with gold futures rallying on Powell’s dovish speech and a weak dollar, amid bullish trends and Fed rate decision anticipation. Highlights XAU/USD hits all-time high, influenced by Powell’s dovish tone. Spot gold surpasses 2020 peak, futures at $2,089.7. Market reacts to Powell’s speech; Treasury yields drop. Fed’s December rate decision eyed, amid bullish gold forecasts. Gold Market This Week:…

Inflation pressures rising in line with expectations are not having much impact on the gold market as prices remain below critical resistance at $2,050 an ounce. The U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.2% last month, compared to September's increase of 0.3%. The data provided no surprise for markets,…

Gold price gains positive traction for the sixth straight day and refreshes its multi-month top. Dovish Fed expectations, falling US bond yields and a bearish USD continue to lend support. The overbought RSI on the daily chart warrants caution before placing fresh bullish bets. Gold price (XAU/USD) builds on this week's breakout momentum through the $2,008-2,010 horizontal barrier…