Gold Price Forecast: XAU/USD extends rally past $4,200 amid US government reopening hopes
Spot Gold flirts with the $4,200 level in the American session on Wednesday, as demand for the US Dollar (USD) continues to lose steam.

Spot Gold flirts with the $4,200 level in the American session on Wednesday, as demand for the US Dollar (USD) continues to lose steam.
Uneventful trading persists on Wednesday, with EUR/USD stuck around 1.1570 early in the American session, as market participants patiently await the resolution of the United States (US) government shutdown.
EUR/USD remains under bearish pressure near 1.1585 as traders await key comments from Fed officials and German inflation data, with 1.1500 as a critical support level.
Gold (XAU/USD) remains bullish as safe haven demand intensifies due to the ongoing U.S. government shutdown, with support near $4050 and resistance at $4190–$4220.
USD/BRL continues its steady decline toward long-term support levels near 5.2500, with upcoming U.S. shutdown vote likely to trigger short-term volatility.
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