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Gold Price Forecast: XAU/USD Week Ahead as Fed Decision, NFP and Middle East Risks Take Centre Stage
With geopolitical tensions, central-bank policies and higher bond yields once again dominating markets, gold (XAU/USD) ended the final week of July around $4,050 an ounce. As the conflict in the Middle East heated up last week, gold initially rallied, only for gains to be whittled away following a surge in Brent crude prices to above $100 a barrel and consequently higher bond yields and the US dollar. Despite the retreat, gold was well clear of the $4,000 psychological level, supported in part by persistent central-bank buying and safe-haven appeal. Next week’s Federal Reserve meeting and US jobs report, alongside ... (full story)
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From fxempire.com | 10 min ago
Spot gold closed higher last week. Brent crude pulled back from above $100 and Treasury yields eased from their highs. The gain came late Friday on dip buying and short-covering but the rally stalled well short of the levels that would signal a turn. The FOMC on Wednesday and Thursday’s PCE report are sitting directly in front of a market that has dropped ...
From exchangerates.org.uk | 23 hr ago
MUFG believes gold remains well supported despite higher US Treasury yields, arguing that persistent geopolitical tensions are generating enough safe-haven demand to offset the headwinds from a more hawkish interest-rate outlook. The price of Gold in US dollars (XAU/USD) traded around $4,100 on Friday after extending its rebound from recent lows below ...
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- Jul 26, 2:47pm | 1 hr 17 min ago Posted byFundamental Analysis43
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