Gold extends losses on Fed tightening outlook, US dollar strength | Metals Mine

  • Gold extends losses on Fed tightening outlook, US dollar strength

    From brecorder.com

    Gold prices extended losses on Thursday, hovering near the more-than-seven-month low hit a day earlier, as the dollar held firm on ​rising expectations of Federal Reserve interest rate hikes. Spot gold was down 0.4% at $3,985.89 per ounce, as of 0043 GMT, after hitting its lowest level since November 2025 on Wednesday. US gold futures for August delivery ​lost 0.2% to $4,001.60. Bullion fell below the key $4,000-per-ounce level for ​the first time since November 2025 on Wednesday, pressured by ⁠a stronger dollar and expectations of Fed rate hikes. Traders expect ​three Fed rate hikes this year and are pricing in ... (full story)

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Tanisha.fx
13 hr ago
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If today Gold breaks above 4030 and sustains above it than i am expecting gold to reach 4100-4120 range after the data.
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Mr.pawan
12 hr ago
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Tanisha ma'am can you tell me when the data will come
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Tanisha.fx
12 hr ago
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GDP & PCE
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Mr.pawan
12 hr ago
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Tanisha ma'am, what is the time of GDP and PCE news, please tell me and from where to take entry.
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Mr.pawan
12 hr ago
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Tell me News time pls
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BarronKosovo
11 hr ago
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08:30 USA time, for europeans thats 14:30
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Vishvraj
10 hr ago
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What about the spike and entry ?
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ZforexCM
13 hr ago
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Gold is struggling to hold the $4,000 level as traders continue to price in a more aggressive Federal Reserve. With markets now expecting multiple rate hikes and the dollar sitting near a one-year high, it's hard to build a strong bullish case for the metal in the short term.

The recent improvement in Middle East diplomacy has also taken some urgency out of safe-haven buying. While geopolitical risks haven't disappeared, investors seem more focused on interest rates, Treasury yields, and upcoming U.S. inflation data. As long as the Fed remains firmly hawkish under Kevin Warsh, gold may find it difficult to stage a meaningful recovery.

For now, the market appears caught between oversold conditions and a macro backdrop that still favors the dollar.

First resistance is seen at $4040, with initial support near $3960.

R1: 4040S1: 3960
R2: 4090S2: 3910
R3: 4150S3: 3840
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