XAU/USD plunges from weekly highs to $1840s as Fed’s Mester crosses wires

The yellow metal would finish the week on the defensive, losing 0.28%. Sentiment remains negative, as US equities fall between 1.02% and 2.57%. Fed’s Mester supports 50 bps hikes in June and July; September is still open for 50 or 25 bps increases. Gold Price Forecast (XAU/USD): Failure at $1889.91, exacerbates a fall towards $1800. … Read more