Gold Price Forecast: XAU/USD Faces Defining Week as CPI, Warsh Testimony and Hormuz Risks Collide | Metals Mine

  • Gold Price Forecast: XAU/USD Faces Defining Week as CPI, Warsh Testimony and Hormuz Risks Collide

    From fxleaders.com

    Gold entered the second half of 2026 with renewed strength, reclaiming the important $4,000 level during the opening week of July as a weaker US dollar offset the impact of rising Treasury yields. However, the rally lost momentum last week after the latest FOMC minutes revealed a more hawkish tone under new Federal Reserve Chair Kevin Warsh. Policymakers signaled growing concern that inflation could remain elevated for longer than previously anticipated, prompting markets to scale back expectations for future rate cuts. The shift in rate expectations pushed Treasury yields higher and strengthened the dollar, creating ... (full story)

Comment Options
phntmzr0
Jul 12, 2026 6:02pm
Permalink
I would be shocked if precious metals didn't edge higher this week, especially Monday.
There is too much uncertainty out there.
Reply
Trader#8765
Jul 12, 2026 7:10pm
Permalink
Yes manipulative market
Reply
Trader#84A8
Jul 12, 2026 10:00pm
Permalink
METALS def wont go higher in the asia market thats for sure. They have been the most useless session to trade the last months
Reply
View 1 more reply to phntmzr0
Hide reply to phntmzr0
Trader#134A
Jul 12, 2026 6:09pm
Permalink
with these wars i think its best to just have confirmation entries and stay out of news hours
Reply
Trader#3066
Jul 13, 2026 1:29am
Permalink
yup
Reply
View 0 more replies to Trader#134A
Hide replies to Trader#134A

  • Related Stories

Trump: We're taking over the Strait of Hormuz
From @zerohedge | Jul 13, 2026 | 80 comments
*TRUMP: WE'RE TAKING OVER THE STRAIT OF HORMUZ TRUMP: MAY SEE SHUTDOWN IN SEPTEMBER IF FILIBUSTER DOES NOT END *TRUMP, ASKED ABOUT IRAN REBUILDING: IRAN HAS NO CHANCE *TRUMP: WILL PROBABLY RUN HORMUZ *TRUMP: IRAN DIDN'T GET ANYTHING FROM ME TRUMP: HIT IRAN VERY HARD LAST NIGHT TRUMP: WE'RE GOING TO GET PAID FOR GUARDING STRAIT TRUMP ON IRAN: THEY'RE A BAD GROUP OF PEOPLE - INTERVIEW
US says Hormuz is open to all vessels seeking safe transit
From @DeItaone | Jul 12, 2026 | 61 comments
*US SAYS HORMUZ IS OPEN TO ALL VESSELS SEEKING SAFE TRANSIT The Strait of Hormuz is open to all vessels seeking to lawfully transit the international waterway. U.S. forces are positioned and prepared to ensure that freedom of navigation remains available despite unwarranted Iranian aggression, harassment, threats, and arbitrary… pic.twitter.com/FS3TUBOZEj
Gold slides over 1% as oil surges on Strait of Hormuz closure fears
From brecorder.com | Jul 13, 2026
Gold slid over 1% on Monday as fears of a closure of the Strait of Hormuz drove oil prices sharply higher, reviving expectations of elevated interest rates to combat inflationary pressures from escalating hostilities in the Middle East. Spot gold dropped 1.5% to $4,059.11 per ounce by 0356 GMT. U.S. gold futures for August delivery were down 1.1% at ...
  • Story Stats