Gold Price Forecast: XAU/USD continues its struggles with $4,200 as the Fed week kicks in
Gold is trading around a flat line near the $4,200 mark, starting a crucial US Federal Reserve (Fed) week on a cautious footing.

Gold is trading around a flat line near the $4,200 mark, starting a crucial US Federal Reserve (Fed) week on a cautious footing.
After rising more than 3.5% in the previous week, Gold (XAU/USD) has entered a consolidation phase and fluctuated at around $4,200.
The Pound Sterling (GBP) recovery gathered steam against the US Dollar (USD), driving GBP/USD to fresh five-week highs above the 1.3350 level.
Markets are again dominated by risk-off sentiment, boosting stocks and sending the US Dollar lower, with Silver still leading precious metals higher.
The EUR/USD went into the weekend near the 1.16433 level after starting this past Monday’s Forex trading around the 1.16300 vicinity, while the gains made may not look significant there are signs of sentiment shift.
WTI Crude Oil finished this past week of trading with slight gains, and day traders who may have been enjoying a rather stable week of results were ‘treated’ to a spike lower late on Thursday via the commodity.