Gold Price Forecast: XAU/USD battles key support amid renewed Iran and Fed hike risks
Gold is extending Friday’s correction into early Monday, testing the lowest level in eight days near $4,400.

Gold is extending Friday’s correction into early Monday, testing the lowest level in eight days near $4,400.
It has already been a positive week for the US Dollar (USD), but a hawkish speech from Chair Kevin Warsh at the Jackson Hole Symposium may have laid the groundwork for a more sustained rebound in the Buck.
The week in one sentence: speculative positioning shifted more constructively in the week to August 25. CAD short covering led the move, followed by a broad reduction in EUR shorts and renewed Gold buying.
The EUR/USD pair pulled back in the last full week of August, settling a handful of pips below the 1.1600 mark.
It has already been a positive week for the US Dollar (USD), but a hawkish speech from Chair Kevin Warsh at the Jackson Hole Symposium may have laid the groundwork for a more sustained rebound in the Buck.
The US Dollar (USD) has managed to regain composure and trim part of the severe sell-off that kicked in in late mid-July.