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Gold Price Latest: Waiting for the Fed’s Thoughts, $2K Currently Provides Support

May 15, 2023

Via: DailyFX

Gold starts the week on the front foot after testing $2k support in the last couple of sessions. The precious metal continues to respect this level and with little in the way of high-impact economic data on the calendar this week, traders will look to commentary from a host of Federal Reserve speakers this week to provide some volatility. Today sees scheduled commentary from Fed members Bostic, Kashkari, Barkin, and Cook, while other board members speak throughout the week. The highlight of the week comes on Friday when Fed chair Jerome Powell is scheduled to speak at the Thomas Laubach Research Conference.

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