Gold Price Forecast: XAU/USD to break above $2,075 high towards $2,285/2,300 – Credit Suisse

FXStreet Insights Team FXStreet

Gold is undergoing a sharp setback after being capped near exactly at its $2075 record high. However, strategists at Credit Suisse still expect the yellow metal to break above here towards the $2,285/2,300 zone.

Weakness seen as temporary while above $1,863

“Gold has been capped at its $2,075 record high but our bias is to view this as a temporary setback whilst support for the 55-day average at $1,863 holds on a closing basis.”

“We look for a sustained break above $2,075 in due course with resistance seen at $2,120 initially ahead of $2,167 and eventually our new core upside objective at $2,285/$2,300.”

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.

EUR/USD rises toward 1.1650 as EU pushes back on Trump’s tariff threat

EUR/USD gathers bullish momentum and climbs toward 1.1650 on Monday. The US Dollar faces some selling pressure against the Euro after US President Donald Trump threatened escalating tariffs on eight European nations that have opposed his plan to take Greenland. US stock and bond markets will remain closed in observance of Martin Luther King Jr. Day.

GBP/USD climbs above 1.3400 on broad USD weakness

GBP/USD gains traction following a bearish opening to the week and trades above 1.3400 on Monday. The US Dollar weakens against the Pound Sterling as markets react to US President Donald Trump's latest tariff threats against Europe over ‌Greenland.

Gold hits record-high on Trump's tariff threats, geopolitical risks

Gold catches aggressive bids at the start of a new week and jumps to the $4,700 neighborhood, setting a new record-high in the process. US President Donald Trump's threat to impose tariffs on eight European countries that opposed his plan to acquire Greenland causes markets to adopt a cautious stance, boosting XAU/USD.

Dogecoin, Shiba Inu, Pepe in a freefall, echoing Bitcoin’s drop

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.

When tariffs become ammunition and capital becomes the battlefield

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.