Gold Price Forecast: XAU Opens Below $4,700 as Fed Outlook and Dollar Strength Dominate | Metals Mine

  • Gold Price Forecast: XAU Opens Below $4,700 as Fed Outlook and Dollar Strength Dominate

    From fxleaders.com

    Gold started the week on the back foot, slipping below $4,700 as a stronger U.S. dollar outweighed renewed geopolitical tensions in the Middle East. Gold Pressured by Dollar Strength Despite Rising Geopolitical Risks Gold began the week under pressure, opening below the $4,700 level after a volatile two-month period marked by a sharp selloff. While prices have shown signs of stabilization, the broader tone remains fragile. The primary driver behind the softer open is continued strength in the U.S. dollar, which makes gold more expensive for international buyers and limits upward momentum. Despite this, gold still ... (full story)

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