Gold – Potential for the further drop [Video]
![Gold – Potential for the further drop [Video]](https://editorial.fxsstatic.com/images/i/discover-50.png)
Downside continuation in the play.
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Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
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GBP/USD alternates gains with losses just below 1.3300 the figure on Tuesday. Indeed, Cable struggles to build recovery momentum as the Greenback benefits from a cautious market mood ahead of the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.
EUR/USD rebounds from earlier multi-week lows and flirts with the 1.1380 zone, up marginally for the day on Tuesday. Uncertainty surrounding the US-Iran conflict weighs on risk sentiment and caps the pair’s upside, while investors avoid taking large positions ahead of the highly anticipated Fed meeting on Wednesday.
Gold remains under selling pressure on Tuesday, declining toward the psychological $4,000 threshold per troy ounce. An inconclusive US Dollar fails to lend support to the yellow metal amid steady geopolitical tensions, all ahead of the key Fed event on Wednesday.
Bitcoin (BTC) is extending its correction, trading below $64,000 at the time of writing on Tuesday after losses of over 2.5% the previous day. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) recording a mild outflow on Monday, marking three consecutive days of withdrawals.
The Indian Rupee just endured its most brutal six-month stretch in years, battered by a perfect storm of global shocks. From United States (US)-India trade uncertainty to surging Oil prices and the significant outflow of Foreign Institutional Investment (FII) from the Indian stock market, every event brought nothing but pain for the Indian currency.
The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.
