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Gold Forecast: XAU/USD Extends Its Rally Above $4,100 per Ounce
XAU/USD has now recorded four consecutive bullish sessions in the short term, maintaining a gain of approximately 5.4%. The metal has even attempted to consolidate near the $4,200 per ounce level. The buying pressure seen in recent sessions has remained firm, supported by expectations of a more accommodative monetary policy from the Federal Reserve, which has weakened the U.S. dollar and boosted gold demand. If this outlook persists, the bullish momentum could become even more dominant in the coming sessions. With less than a month remaining before the Federal Reserve’s monetary policy decision scheduled for ... (full story)
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