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XAU/USD Price Analysis and Forecast: Downward Pressure Persists in Gold Market
Gold (XAU/USD) is struggling to extend
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Gold (XAU/USD) is struggling to extend its moderate rebound after reaching its lowest level since March 30 earlier on Monday, while prices remain around the $4,550 level. Demand for the US dollar remains strong amid ongoing geopolitical tensions. Additional pressure comes from rising oil prices, which are strengthening inflation expectations and fueling forecasts of a more hawkish stance by the US Federal Reserve. This supports the dollar and limits the upward potential for gold as a non-yielding asset.Among the latest
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Irina Yanina,
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