The Gold price forecast remains uncertain as XAU/USD hovers near $2,610 ahead of Christmas Eve. This stability reflects ongoing pressure from a strong US Dollar, supported by the Federal Reserve’s cautious monetary stance.
The Federal Reserve recently indicated fewer rate cuts in 2025. Expectations for the federal funds rate to reach 3.9% reduce the appeal of Gold. This shift, combined with slower disinflation, keeps the Dollar strong. A resilient Dollar often weighs on Gold, as seen in the current Gold price forecast.
Market attention shifts to key US economic data. Initial Jobless Claims data could trigger short-term volatility. Additionally, December’s Nonfarm Payrolls figures, due in early January, are critical. These reports will influence the Federal Reserve’s future decisions and the broader Gold price forecast.
Technically, XAU/USD faces challenges. The 100-day Simple Moving Average at $2,610 remains critical support. A break below this level may trigger further downside risks, while resistance sits near $2,650-$2,670. Traders will closely watch these levels to refine their Gold price forecast strategies.
As we look ahead, uncertainties around global economic policies, inflation, and US fiscal strategies will shape Gold’s trajectory. While downside risks dominate the current forecast, unexpected global events could shift momentum favoring Gold.
Don't miss the latest Forex news and analysis. For more insights, visit the following website: Fixio Markets.
Gold price forecast: XAU/USD trades near $2,610 as Fed signals fewer rate cuts. Learn about key levels and upcoming market
Superior trade execution & trading conditions with the NDD method.
The online FX industry provides a platform for investors worldwide to engage in the buying and selling.
Subscribe to our daily newsletter and get the best forex trading information and markets status updates
Trade within minutes!
日本語
English
Comment (0)