Gold (XAUUSD) Macro Forecast: Under Pressure Below 2030
The price of gold is rising after a slight previous decline and remains near the high of the last two weeks. This trend is attributed to the weakness of the US dollar, influenced by a new decrease in US Treasury bond yields. Additionally, geopolitical tensions in the Middle East continue to support demand for the metal as a haven.
Federal Reserve Middle East Personal Consumption Expenditures Price Index Volume Profile Structure Macro Situation
Source: actionforex.com