Gold price forecast: XAU/USD holds around $4,400, but for how long?
XAU/USD Current Price: $4,398
- The Middle East conflict keeps financial markets in risk-averse mode.
- Investors bet the US Federal Reserve will hike interest rates in September.
- XAU/USD is trading range-bound, although the risk skews to the downside.
- Gold attempt to regain its bullish momentum faltered around $4,700, with the precious metal now struggling to retain the $4,400 mark. The XAU/USD pair peaked in late August amid reduced speculation that the United States (US) Federal Reserve (Fed) would hike interest rates in September.
https://www.fxstreet.com/analysis/gold-price-forecast-xau-usd-holds-around-4-400-but-for-how-long-202609081606?utm_source=onesignal&utm_medium=push&utm_campaign=gold
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