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Gold Price Forecast: XAU/USD Surges to Resistance- Bulls to Face Fed
Gold prices have advanced for four straight weeks, with XAU/USD stalling into resistance at fresh record highs. The focus now shifts to the FOMC interest rate decision next week and while the broader outlook remains constructive, the immediate advance may be vulnerable in the near-term. Battle lines drawn on the XAU/USD weekly technical chart into the Fed. In last month’s Gold Technical Forecast we noted that XAU/USD was, “attempting to breakout of a multi-month consolidation pattern, just below resistance. From a trading standpoint, losses would need to be limited to the February trendline IF price is heading ... (full story)
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Gold prices on Monday rallied past the previous record high of $3,674, hitting $3,682 and poised to challenge the $3,700 level in the near term. Traders are setting up for the Federal Open Market Committee's (FOMC)monetary policy meeting on September 16-17. Expectations for a rate cut are high, therefore, US Treasury yields tumbled on Monday. At the time of ...
Global markets kicked off Tuesday with heightened volatility as investors position themselves ahead of key central bank decisions. Gold (XAU/USD) hovers near record highs, supported by persistent Fed rate cut bets weighing on the US Dollar (DXY). Meanwhile, the UK labor report is in focus for the British Pound (GBP/USD), while expectations of a BoJ rate ...
From tickmill.com | Sep 15, 2025
Gold prices are on watch this week as traders look ahead to the all-important September FOMC meeting on Wednesday. Recent labour market weakness has fuelled a heavy dovish shift in market expectations with traders now looking for three cuts this year, beginning on Wednesday. Last week’s inflation data failed to derail this view, while confirming a fresh ...
