Gold Price Forecast: XAU/USD looks to regain $4,600 on US-Iran peace deal prospects
Gold is staging a solid comeback in early Asia on Monday, recapturing the $4,550 barrier on its way to $4,600, while reversing last week’s decline.

Gold is staging a solid comeback in early Asia on Monday, recapturing the $4,550 barrier on its way to $4,600, while reversing last week’s decline.
The US Dollar’s (USD) week was an apathetic one. There were ups and downs and plenty of uncertainty in the geopolitical field.
The EUR/USD pair fell for a second consecutive week, settling not far above a fresh multi-week low of 1.1576. War-related headlines kept driving financial markets, coupled with mounting speculation that the United States (US) Federal Reserve (Fed) will deliver a rate hike before the year is over.
The US Dollar (USD) advanced further and closed its second consecutive week of gains, always underpinned by further conviction of a tighter-for-longer Federal Reserve and unabated uncertainty surrounding the Middle East crisis, with rumours of a US-Iran deal are still far from materialised.
The British Pound (GBP) stalled its recovery from six-week lows near 1.3300 against the US Dollar (USD), as sellers continued to lurk above the 1.3450 region.
Gold (XAU/USD) struggled to attract buyers as uncertainty surrounding the conflict between the United States (US) and Iran caused markets to continue pricing in a hawkish tilt in the Federal Reserve (Fed) policy expectations.