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XAU/USD. Price Analysis. Forecast. The Fed's Hawkish Stance Limits Gold Price Gains
On Thursday, gold (XAU/USD) rises above
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On Thursday, gold (XAU/USD) rises above the $4,300 mark again but remains near the six-week lows recorded the previous day. The US dollar is weakening slightly after reaching its highest level since late July, providing some support for the precious metal.Nevertheless, the Federal Reserve's hawkish stance and the escalation of geopolitical tensions in the Middle East are likely to continue supporting the US dollar as a safe-haven asset and limiting the upward potential of non-yielding gold.At its September meeting, which
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