TRENDING:

Gold Price Forecast: XAU/USD could drop into the low $1,800s – TDS

Gold is suffering. XAU/USD fell as much as 0.9% on Thursday to just $1,860 following three previous sessions of declines. Strategists at TD Securities analyze the yellow metal’s outlook.

Gold to recover and surge to the $2,100s in the first half of next year

Given positioning, technical and energy price pressures, it would not be surprising to see Gold drop into the low $1,800s if inflation moves higher and economic data remains firm. The upcoming core PCE deflator may be a catalyst for downside.

However, we expect Gold to recover and surge to the $2,100s in the first half of next year, as the Fed pivots to a more dovish policy and physical buying remains strong.

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD falls to near 1.1600 due to fading Fed rate cut bets

EUR/USD extends its losses for the second successive session, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar receives support from cautious remarks given by US Federal Reserve officials, diminishing the likelihood of an interest rate cut in December.

GBP/USD weakens to near 1.3150 as BoE rate cut expectations grow on weak UK data

The GBP/USD pair declines to near 1.3155 during the early Asian session on Monday. The Pound Sterling softens against the US Dollar amid concerns about the UK's fiscal debt and weak economic data from the UK. Bank of England External Member Catherine Mann is set to speak later on Monday.

Gold could stage a rebound if key $4,070 support holds

Gold retakes $4,100 early Monday, snapping a two-day pullback from three-week highs. US Dollar firms up amid reduced December Fed rate cut bets, awaits US NFP release on Thursday. Gold defends critical support zone near $4,070 on the daily chart, while RSI stays bullish.

Top Crypto Gainers: Aster, Starknet, and Zcash recovery at risk

Aster, Starknet, and Zcash trade in the green over the last 24 hours, struggling to retain gains while the broader cryptocurrency market is in the red. The technical outlook of Aster and Zcash remains mixed as bearish potential arises, while Starknet could extend its consolidation range breakout rally.

Week ahead: US schedule awaited – Fed minutes, CPI and flash PMI on tap [Video]

Canada, Japan and the UK to publish CPI data, but not the US. US October jobs and inflation reports may never get released. New release schedule likely; FOMC minutes eyed in meantime. Flash PMIs to be watched amid renewed economic worries

VeChain mainnet upgrade shifts consensus mechanism from PoA to DPoS as VET extends decline

VeChain holds above $0.0150 as overhead pressure signals a 15% downside risk. VeChain migrates from Proof of Authority to Delegated Proof of Stake to power the network’s next growth phase.