Gold Price Forecast: XAU/USD pulls back below $4,100 weighed by higher US yields
Gold Price Forecast: XAU/USD pulls back below $4,100 weighed by higher US yields
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Gold Price Forecast: XAU/USD pulls back below $4,100 weighed by higher US yields
Forex
Gold falls as Middle East tensions lift Oil prices, Fed rate hike bets
Today's important trade levels for Gold and Silver [Video]
Analysts at UBS remain bullish on the price of gold in 2026-2027 despite recent weakness, arguing that the latest correction offers investors an opportunity to add exposure rather than abandon the precious metal. The bank forecasts the gold price rising from around $4,000 per ounce today to $5,200 by June 2027, even as higher oil prices.
The GBP/EUR forex pair has been on the downward trajectory this week and the market could be looking at eventful coming weeks.
EUR/USD rose to 1.1429 on Thursday, with the US dollar continuing its moderate decline from the previous session. The market is assessing rising inflation risks driven by elevated energy prices against a backdrop of weakening economic data, while seeking further signals on Federal Reserve policy.
EUR/USD recovers as Dollar weakens
EUR/JPY Price Forecast: Euro trims gains but holds above previous highs at 186.32
Silver price today: Silver falls, according to FXStreet data
Gold – Sell trade idea [Video]
WTI and Brent Crude higher on red sea aggression, XAU/USD and XAG/USD in falling wedges [Video]
The US dollar remains firm near 101, USD/JPY is testing new yearly highs above 163, and Treasury yields have returned toward their yearly highs. Together, these factors continue to outweigh the latest rebound in precious metals, which still requires further technical confirmation before supporting a sustainable long-term bullish outlook.
The AUD/USD is seeing a cap on its medium-term uptrend move as geopolitical tensions escalate further along the Strait of Hormuz.
Despite the USD being stronger than most major currencies, the USD/ZAR is down over 6% this year with a notable barrier near 16.20 recently.
Gold: Rally capped by rate risks – TD Securities
NZD/USD Price Forecast: Tests levels sub-0.5800 as bulls run out of steam
The ECB will announce its rate decision today at 12:15 GMT. The central bank is expected to leave its deposit rate unchanged at 2.25% after raising rates by 25 basis points in June, as policymakers assess the implications of the renewed U.S.-Iran conflict.
AUDUSD (Australian dollar) finds psychological support The AUDUSD (Australian dollar) hopes to stop the reversal after finding crucial support at the 0.7000 zone. Overall, the pair remains bullish to hit a higher high if prices remain above the said support.
USD/JPY Price Forecast: Remains above 163.00 near fresh 40-year highs
Euro: Hawkish ECB stance to limit downside against US Dollar – ING