XAU/USD Exchange rate

Editors’ Picks

Gold retreats from record highs amid profit-taking on Christmas Eve

Gold retreats following the move higher to the $4,525 area, or a fresh all-time peak, though the downside remains limited amid a bullish fundamental backdrop. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

EUR/USD off three-month highs, holds near 1.1800 on softer US Dollar

EUR/USD consolidates gains below 1.1800 in the European trading hours on Wednesday. A broadly subdued US Dollar continues to underpin the pair amid quiet markets and thin liquidity conditions on Christmas Eve.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 in the European session on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders turn to sidelines heading into the holiday season.

Shiba Inu's bears tighten grip, aiming for yearly lows

Shiba Inu price remains under pressure, trading below $0.000070 on Wednesday as bearish momentum continues to dominate the broader crypto market. On-chain and derivatives data further support the bearish sentiment, while technical analysis suggests a deeper correction targeting the yearly lows.

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.

Majors

Cryptocurrencies

Signatures

XAU/USD, GOLD

In the Forex market, Gold functions as a currency. The particularity of Gold is that it is traded against the United States Dollar (USD), with the internationally accepted code for gold being XAU. Known as a safe-haven asset, Gold is expected to appreciate in periods of market volatility and economic uncertainty. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
The XAU/USD pair tells the trader how many US Dollars are needed to purchase one troy ounce of Gold.

HISTORIC HIGHS AND LOWS FOR XAU/USD

All-time records: Max: $2,790.11 on 25/10/2024 – Min: $34.78 on 27/01/1970
Last 5 years: Max: $2,790.11 on 25/10/2024 – Min: $1,451.32 on 13/03/2020

* Data as of December 2024

XAU/USD 2025 FORECAST

In the XAU/USD 2025 Forecast, FXStreet analyst Eren Sengezer suggests Gold’s 2025 outlook depends on Federal Reserve (Fed) policy, Donald Trump’s decisions and geopolitics. A bearish scenario could unfold if geopolitical tensions ease, inflation remains persistent and United States-China trade tensions weaken China’s economy, reducing Gold demand. A hawkish Fed could also pressure prices.

On the bullish side, continued global policy easing, a recovering Chinese economy or escalating geopolitical conflicts could boost safe-haven flows into Gold, supporting its resilience and pushing prices higher.

Gold's technical outlook suggests weakening bullish momentum, with the RSI at its lowest since February and XAU/USD. Key support lies at $2,530-$2,500, with further declines potentially targeting $2,400 and $2,300. On the upside, resistance at $2,900 could limit gains, with additional barriers at $3,000-$3,020 and $3,130 if Gold attempts a new record high.

Read the full 2025 forecast.

ASSETS THAT INFLUENCE XAU/USD THE MOST

Currencies: The US Dollar (USD) and the Euro (EUR) are the primary currencies influencing Gold prices. Other important currency pairs include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD, and USD/CAD.
Commodities: Silver and Gold are the most important precious metal commodities.
Bonds: Influential fixed-income securities include the German Bund (a federal government-issued bond) and the US Treasury Note (T-Note).
Indices: Key indices related to Gold and mining include the HUI (NYSE Arca Gold BUGS), the XAU (Philadelphia Gold and Silver Index) and the GDM (NYSE Arca Gold Miners Index).
Exchanges: The most important stock exchanges for Gold are the New York Mercantile Exchange (COMEX), the Chicago Board of Trade, the Euronext/LIFFE, the London Bullion Market, the Tokyo Commodity Exchange, the Bolsa der Mercadorias e Futuros and the Korea Futures Exchange.

INFLUENTIAL ORGANIZATIONS FOR THE XAU/USD

WGC (World Gold Council) is the market development organization for the Gold industry. Its aim is to stimulate and sustain demand for the precious metal.
LBMA (London Bullion Market Association) is an organization whose members participate in this wholesale over-the-counter market for trading Gold and Silver. It is loosely overseen by the Bank of England. Most LBMA members are major international banks, bullion dealers, and refiners.
COMEX (Commodity Exchange) is the primary market for trading metals. The COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and joined the CME Group in 2008.
CGSE (Chinese Gold and Silver Exchange Society). It is an organization of Gold trading firms in Hong Kong that are participants of the Chinese Gold and Silver Exchange, the first exchange in Hong Kong.
Central banks like the Federal Reserve (Fed), the European Central Bank (ECB) or the People’s Bank of China (PBoC) significantly influence Gold prices through their monetary policies.

INFLUENTIAL PEOPLE FOR THE XAU/USD

Neal Froneman, the World Gold Council’s Chairman.
Scott Bessent, the US Treasury Secretary.
Xi Jinping, President of the People's Republic of China.
The London Bullion Market Association members.

CIRCUMSTANCES THAT INFLUENCE XAU/USD THE MOST

Demand and supply: The balance between global Gold demand and its availability impacts its price.
Economic uncertainty and currency devaluation: Gold is widely known as a safe-haven asset for investors in periods of economic uncertainty or when a currency faces devaluation.
Practical applications: The use of Gold in technology innovations, jewelry manufacturing and other industrial applications.