XAU/USD Price Forecast: Tempered Start for Gold

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XAU/USD Price Forecast: Tempered Start for Gold
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Gold prices moderated after last week’s push higher but a close eye will be on the ongoing Israel-Palestine war alongside US specific factors.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.10%, while traders in USD/JPY are...

US real yields is marginally higher thus weighing on the non-interest bearing asset as US Treasury yields tick higher.of rate cuts by year end 2024. This drastic change suggests a possible peak to the Fed’s hiking cycle and may continue to buoy gold prices should this narrative gain traction through weaker US economic data and less aggressive Fed talk.

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