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Gold (XAU/USD) Eyes Weekly Close Above $3400/oz on Renewed Haven Demand and DXY Weakness
Gold prices have continued to advance this week on a combination of a weak US Dollar and renewed haven demand, setting the stage for a potential retest of all-time-highs at $3500/oz next week. The return of haven demand may be attributed to the ongoing Russia/Ukraine discussions, Fed independence concerns (which are also having an effect on the Dollar) and a potential surge in tension between Iran, the US and the E3 (Germany, France and England). Just as it seemed market participants may be getting a prolonged reprieve from a heightened geopolitical risk environment which has continued throughout 2025, it appears ... (full story)
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- Aug 29, 2025 10:51am Posted byFundamental Analysis296
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