Gold prices have trended downward since the start of the week, currently hovering around $3,385 per troy ounce. This report aims to explore the fundamental factors influencing the precious metal’s price movements and conclude with a technical analysis of gold’s daily chart.
Spot Gold
Gold Price Forecast: Will XAU/USD defend 200DMA again after hawkish Federal Reserve?
Gold Price Forecast: Having failed to resist above the $1,800 mark, Gold price is extending the previous decline this Thursday, as the United States Dollar (USD) pauses its sell-off alongside the US Treasury bond yields. Investors assess the December US Federal Reserve (Fed) policy decision and Chair Jerome Powell’s comments.
सोने के लिए $1500 अमेरिकी डॉलर प्रति औंस के स्तर तक और गिरावट संभव
US Fed Policy Decision: डॉलर में तेजी के साथ सोना दो साल से अधिक समय में सबसे निचले स्तर के करीब पहुंच गया, निवेशकों ने फेडरल रिजर्व की ब्याज दरों में बढ़ोतरी के संभावित आकार का वजन किया।
Spot Gold Forecast: Bullion Looks to extend correction
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg "Spot Gold Forecast: Bullion Looks to extend correction 4")
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.