-
Gold forecast: XAU/USD continues to coil as traders watch crude oil for direction
Gold has fallen in the last four sessions, and today it wasn’t looking too great either as it continued to coil near that $5K hurdle. The metal is now on its third week of declines, though it was bouncing back slightly at the time of writing. Can it break that run and find renewed momentum, or will we see a deeper correction first? Our gold forecast remains cautious as with everything else right now, owing to the big surge in crude oil and its impact on inflation and interest rates. After a rough couple of weeks, gold is sitting right on a key psychological level — and what happens next could be decisive. The ... (full story)