CCY:XAUUSD

Xau/usd Currency Pair News

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$4,104.26
-85.72 (-2.05%)
At Close: Jun 23, 2026
Gold Price Forecast: XAU/USD edges lower below $2,400, PBoC refrains from gold purchases for second month
Gold's Q3 direction hinges on rate shifts, reduced central bank purchases, the run up to the US election, and the continuation of major global conflicts
Fed rate cut expectations, potential dovish signals from Powell, and possible softer inflation data may drive gold prices higher next week.
The Gold price rallied during the mid-North American session following the release of June's US Nonfarm Payrolls (NFP) report, which exceeded forecasts, but two previous months' downward revisions hin
Gold continues to rise, reaching a six-week high of 2,393, with bullish signals across all time frames suggesting a push towards 2,450.
Gold continues to rise, reaching a six-week high of 2,393, with bullish signals across all time frames suggesting a push towards 2,450.
We believe the April 2024 breakout in gold (above $2100) was the launch point for a run towards $10,000 by the end of this decade.
The gold market has rallied again for the week, and therefore we are now challenging the crucial $2400 level. This is a market that I believe continues to be a “buy on the dips” scenario.
Precious metals traders bet on a less hawkish Fed after the release of Non Farm Payrolls and Unemployment Rate reports.
The gold market has seen a lot of noisy behavior overall, but I think the market will continue to find plenty of people out there wiling to take advantage of value. This is a market that should contin

Gold – 05.07.2024

09:43am, Friday, 05'th Jul 2024
As projected yesterday and as seen on our previous chart, Gold hit the target at the 2353-56 zone. Prices are facing the support around the 2345-50 zone, where as long as the market holds above it, a
The latest US Jobs Report showed 206k new jobs created vs. expectations of 190k.
Gold settled above the 50 MA and is moving towards the psychologically important $2400 level.
The metal rose around 1.7% for the week so far, benefiting from weaker dollar on soft US macroeconomic data, which point to a slowing US economy and boost bets for possible Fed rate cut in September.
Gold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly
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