#Gold
MARKET VIEW
Weekly Changes: XAUUSD +1.89%
Gold prices touched the 1,813 USD level before pulling back after U.S. Federal Reserve Chair Jerome Powell said he expected inflation to ease next year and that the U.S. central bank is on the way to begin winding down its stimulus.
Meanwhile, the comments from the Fed Chairman show he expects inflation to remain high well into next year potentially.
BULLISH TRIGGERS
The high inflation remaining in the market will be an underlying supportive factor for gold in the weeks and months ahead.
BEARISH TRIGGERS
The cutting of stimulus programs by the Fed next month will be a lowering factor for gold prices.
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