Gold Price Forecast; XAU Tests the $4,500 Support as Higher Inflation and Fed Expectations Pressure Bullion | Metals Mine

  • Gold Price Forecast; XAU Tests the $4,500 Support as Higher Inflation and Fed Expectations Pressure Bullion

    From fxleaders.com

    Gold remains under pressure as rising U.S. inflation expectations, stronger Treasury yields, and persistent dollar strength outweigh geopolitical tensions and ongoing uncertainty surrounding global trade and China-related market risks. Gold suffered its worst weekly decline of the year after investors sharply reassessed expectations for Federal Reserve interest rate cuts following another series of elevated U.S. inflation readings. Spot gold settled near $4,540 last week, falling roughly 3.7% as traders reduced bullish positions that had previously been built around expectations for monetary easing. The reversal ... (full story)

Comment Options
  • Story Stats

  • Related Stories