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Gold forecast: Could XAU/USD drop amid weaker haven demand?
Gold was trading higher first thing this morning, despite hopes that the US and China will put their differences aside and work on a trade deal. That optimism has helped to fuel a big rally in stock prices in recent weeks, which has reduced demand for haven assets a little -- hence, we haven’t seen a fresh record for gold since it peaked at $3,500 in April. With high-level US-China trade talks set to take place in London today, there is the potential for more optimism to emerge, after a "very positive" Trump-Xi call last week. Against this backdrop, the near-term gold forecast doesn’t appear too bullish. ... (full story)
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- Jun 9, 2025 9:09am Posted byTechnical Analysis430
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