Gold Price Forecast: Middle East tensions power XAU/USD to fresh record highs, but for how long?

United States News News

Gold Price Forecast: Middle East tensions power XAU/USD to fresh record highs, but for how long?
United States Latest News,United States Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Gold price is holding near a new record high of $2,288 reached in the early Asian session on Wednesday, as softer US Dollar (USD) and the US Treasury bond yields lend support to the bright metal along with escalating Middle East geopolitical tensions.

Gold price renews all-time highs near $2,290 early Wednesday amid Middle East tensions. Tempered bets for June Fed rate cut weigh on the US Dollar, Treasury bond yields, despite risk-aversion. Gold price rises even as overbought RSI warrants caution for buyers ahead of US ADP data and Powell’s speech.

Attention now turns toward the high-impact US ADP Employment Change data and Fed Chair Jerome Powell’s speech for fresh hints on the Fed rate cut outlook. Also, of note remains the Eurozone inflation report, ISM Services PMI and a bunch of speeches from several other Fed policymakers. Gold price is set for a volatile session, in light of an action-packed US calendar on Wednesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Trading: Gold Price DriversGold Trading: Gold Price DriversGold is a precious metal that is popular as an investment and as a safe-haven asset
Read more »

Your unwanted gold jewelry can fetch a pretty penny as gold price soarsYour unwanted gold jewelry can fetch a pretty penny as gold price soarsThe price of gold continues to hit new record highs. It's an opportunity to cash in by selling unwanted or broken gold jewelry.
Read more »

Oil prices climb to five-month high on escalating Middle East tensions and fresh supply threatsOil prices climb to five-month high on escalating Middle East tensions and fresh supply threatsOil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats.
Read more »

How Iraq veered away from US to embrace China in Middle East power shiftHow Iraq veered away from US to embrace China in Middle East power shiftOver the past few years, Beijing has invested heavily in Iraq as the world’s second-largest economy seeks to become a major power-broker in the strategic region.
Read more »

Community outraged after middle school girl attacked on camera at Riverside middle schoolCommunity outraged after middle school girl attacked on camera at Riverside middle schoolA police investigation has been launched into the incident, which involved two students at Arizona Middle School in Riverside.
Read more »

Middle East conflict live updates: Austin urges Israel to abandon plan for Rafah offensiveMiddle East conflict live updates: Austin urges Israel to abandon plan for Rafah offensiveLloyd Austin met with Israeli Defense Minister Yoav Gallant in Washington and expressed concern about civilian deaths and the deepening “catastrophe” in Gaza.
Read more »



Render Time: 2025-02-19 22:49:10