Gold Forecast: Looks to snap four-month losing streak but sellers refuse to give up
Gold is seeing a brief pullback from weekly highs of $4,120 early Friday, but remains on track to end its four-month losing streak.

Gold is seeing a brief pullback from weekly highs of $4,120 early Friday, but remains on track to end its four-month losing streak.
The Indonesian Rupiah (IDR) has faced persistent depreciation pressures against the US Dollar (USD) during the first half (H1) of 2026, with the USD/IDR pair stabilizing around the 18,100–18,200 range at the time of writing after reaching a record high at 18,247 on June 8, marking the Rupiah’s weake
The rate did not move. Neither did the statement, and that’s the more interesting fact.
Gold is back in the red early Thursday, after failing to sustain above $4,100 for the fourth time this week.
The Aussie Dollar’s recovery appears to have met some resistance just above the 0.7000 threshold against the US Dollar so far.
The Euro (EUR) is nursing moderate losses against the British Pound (GBP) on Wednesday, as bulls failed to find acceptance above the 0.8575 resistance area on Tuesday.