Gold Price News and Forecast: XAU/USD picks up bids toward $1,900

FXStreet Team FXStreet

Gold Price Analysis: XAU/USD picks up bids toward $1,900 as stimulus news propel risk

Gold prices rise to $1,888 during the early Asian session on Thursday. The yellow metal snapped the previous two days’ advances on Wednesday before closing the day around $1,885. While the US dollar weakness initially pleased the bullion buyers, risk-on sentiment propelled Wall Street benchmarks, which in turn drove funds toward the high-yielding assets.

Even if US House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin failed to agree on the much-awaited aid package, for which Democrats bid for $2.2 trillion, the recent passage of stopgap funding and a one-day leeway to the stimulus talks keep markets hopeful.

XAU/USD

Overview
Today last price	1890.42
Today Daily Change	4.52
Today Daily Change %	0.24
Today daily open	1885.9

Trends
Daily SMA20	1919.67
Daily SMA50	1945.26
Daily SMA100	1850.91
Daily SMA200	1730.83

Levels
Previous Daily High	1902.36
Previous Daily Low	1881.52
Previous Weekly High	1955.66
Previous Weekly Low	1848.84
Previous Monthly High	1992.42
Previous Monthly Low	1848.82
Daily Fibonacci 38.2%	1889.48
Daily Fibonacci 61.8%	1894.4
Daily Pivot Point S1	1877.49
Daily Pivot Point S2	1869.09
Daily Pivot Point S3	1856.65
Daily Pivot Point R1	1898.33
Daily Pivot Point R2	1910.77
Daily Pivot Point R3	1919.17

AUG (gold/silver ratio) showing a five waves from 03.18.2020

The following chart represented the advance in the Ratio since the old-time lows, and show how the Blue Box area was reached. Meaning a change in dynamics and how we see the relationship between Gold and Silver. The Ratio trading higher means that Gold holds the value more than Silver. But most important means the $USDX is supported.

GBP/USD extends the drop to 1.3360

GBP/USD builds on Monday’s decline and briefly clinches five-day lows near 1.3360 on Tuesday. Cable’s extra pullback follows the better tone in the Greenback as uncertainty in the Middle East prompts investors to adopt a cautious stance. Meanwhile, an apathetic UK labour market report also collaborates with the selling pressure on the British Pound.

EUR/USD stays offered just above 1.1400

EUR/USD keeps the downtrend well in place for yet another day, challenging the 1.1400 contention zone on Tuesday. The continuation of the selling impulse in spot comes amid decent gains in the US Dollar, which continues to find support in the persistent effervescence surrounding the US-Iran crisis.

Middle East crisis intensifies, Gold up

Gold now seems to have embarked on a consolidative phase below the key $4,100 mark per troy ounce in the latter part of Tuesday’s session. Meanwhile, uncertainty surrounding the Middle East conflict and rising expectations for a hawkish Fed policy outlook are expected to limit the precious metal’s bullish momentum in the near term.

XRP rebounds on rising on-chain activity

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

The Iranian war has again risen

The Iranian war has again risen to the top of the economics factor list. There is no end in sight. Intelligence experts say the current level of offense/retaliation will not change minds in Tehran, while in Washington, Trump fears all-out war, which would mean boots on the ground.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

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.