|

Gold Price News and Forecast: XAU/USD consolidate pullback from two-week high

Gold Price Analysis: XAU/USD wobbles above $1,950 as pre-Fed caution sneaks in

Gold keeps Tuesday’s pullback from the early-September high while taking rounds to $1,954/55 during the initial hours of Wednesday’s Asian session. The yellow metal earlier cheered the improved market sentiment but stepped back on the US dollar strength. Also weighing on the bullion could be the cautious mood of traders ahead of the Federal Open Market Committee (FOMC) meeting.

Read more ...

XAU/USD

Overview
Today last price1956.27
Today Daily Change2.04
Today Daily Change %0.10
Today daily open1954.23
 
Trends
Daily SMA201943.52
Daily SMA501926.25
Daily SMA1001828.95
Daily SMA2001707.49
 
Levels
Previous Daily High1972.23
Previous Daily Low1948.48
Previous Weekly High1966.54
Previous Weekly Low1906.62
Previous Monthly High2075.32
Previous Monthly Low1863.24
Daily Fibonacci 38.2%1957.55
Daily Fibonacci 61.8%1963.16
Daily Pivot Point S11944.4
Daily Pivot Point S21934.56
Daily Pivot Point S31920.65
Daily Pivot Point R11968.15
Daily Pivot Point R21982.06
Daily Pivot Point R31991.9

Will The FOMC Drive Gold Prices Higher or Lower? [Video]

The biggest market-moving event, that traders will be closely monitoring this week – is the outcome of the U.S Federal Reserve's two-day policy meeting, which is due to end on Wednesday, 16 September.

Last month, the Fed announced that the central bank’s inflation target could exceed 2%, which would drive inflation slightly higher, whilst keeping interest rates lower for longer. There is a huge focus on this event, as it’s the Fed’s last meeting prior to the U.S Presidential Election.

Read more ...

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

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

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD holds steady below 1.1800

EUR/USD moves sideways in a narrow channel below 1.1800 as the market volatility remains low ahead of the New Year holiday. On Tuesday, investors will pay close attention to the minutes of the Federal Reserve's December policy meeting.

GBP/USD retreats below 1.3500 as trading conditions remain thin

GBP/USD corrects lower after posting strong gains in the previous week and trades below 1.3500 on Monday. With the action in financial markets turning subdued following the Christmas holiday, however, the pair's losses remain limited.

Gold holds above $4,300 after setting yet another record high

Spot Gold traded as high as $4,550 a troy ounce on Monday, fueled by persistent US Dollar weakness and a dismal mood. The XAU/USD pair was hit sharply by profit-taking during US trading hours and retreated towards $4,300, where buyers reappeared.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).