Watch Gold (XAU) Daily Forecast: Prices Hold at $2,660 as Fed Rate Cut Expectations Grow Gold (XAU/USD) News

U.S. Dollar Weakness and Fed Signals Support Gold

The U.S. buck struggled to get well following vulnerable financial information, which heightened expectancies for a dovish stance from the Fed. Investors are pricing in a robust likelihood of a 50-basis-point charge lower in November. This ongoing uncertainty helps gold’s enchantment as a secure haven.

Fed Chair Jerome Powell’s speech on Thursday is predicted to explain long run charge cuts. Markets also are tracking key financial releases such as Q2 GDP, Weekly Jobless Claims, and Durable Goods Orders for additional alerts at the economic system’s trajectory.

Economic Worries and Geopolitical Tensions Drive Safe-Haven Demand

Concerns about China’s financial restoration persist, regardless of contemporary stimulus measures. Investors are skeptical concerning the effectiveness of those efforts, which has heightened fears of a possible world financial slowdown. This uncertainty is pushing extra traders towards safe-haven belongings like gold.

Geopolitical dangers, particularly emerging tensions within the Middle East, additional bolster gold’s enchantment. As conflicts escalate and uncertainties stay, traders an increasing number of search the stableness that gold gives in instances of disaster.

Short-Term Forecast

Gold (XAU/USD) continues to business round $2,660, supported by way of a vulnerable buck and expectancies of additional Fed charge cuts. Investors eye a possible breakout.

Gold Prices Forecast: Technical Analysis