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

From fxleaders.com

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 reflects a major shift in market sentiment. Earlier this year, gold benefited from optimism that central banks would soon begin cutting interest rates. However, persistent inflation pressures are now forcing investors to reconsider how long ... (full story)