Gold Price Forecast: Hawkish Fed prospects drag XAU/USD further below $4,300
Gold extends its decline on Wednesday, facing enormous pressure due to surging United States (US) Treasury Yields and rising oil prices.
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Middle East war takes its toll on Gold prices
The US Dollar (USD) accelerates its advance against the precious metal in the American session on Tuesday, following news indicating United States (US) forces launched attacks on Islamic Revolutionary Guard Corps (IRGC) targets in Iran, as reported by the US Central Command (CENTCOM).
The debasement trade: Could the US Dollar become the next casualty?
The US Dollar has spent much of 2026 fighting familiar enemies. Federal Reserve (Fed) expectations, stubborn inflation, geopolitical uncertainty and doubts about the sustainability of US fiscal policy have all taken their turn driving the world’s reserve currency.
Gold Price Forecast: Defending $4,400 is critical for XAU/USD buyers
Gold is replicating negative trades seen in Asia on Monday, as sellers return early Tuesday to challenge critical support just above the $4,400 level once again.
Australian Dollar Price Forecast: Focus shifts to 0.7200
The Aussie Dollar keeps the trade in the upper end of its recent range following last week’s piercing of the key 0.7200 hurdle against the US Dollar.
Gold nears $4,400: Is the bullish run over?
Spot Gold trades in the $4,430 price zone on Monday, extending its slide at the start of the week as the US Dollar (USD) surges amid renewed tensions in the Middle East. Over the weekend, Iran and the United States (US) crossed fire around the Strait of Hormuz following a few weeks of tense calm.