Gold prices face pressure as rising oil fuels inflation fears and the Fed delays rate cuts. Traders watch policy signals for the next move in XAU/USD.
The prior 4 weeks of positive returns seen in Gold (XAU/USD) from the week of 2 February 2026 to the week of 23 February 2026, where the precious yellow metal staged an accumulated gain of 20% (low to close during the 4 weeks).
Gold (XAU/USD) has slipped about 3% this week despite escalating geopolitical tensions from the US–Iran war 2026. The pullback comes as rising inflation expectations driven by a surge in West Texas Intermediate crude oil pushed up the US 10-year Treasury real yield, increasing the opportunity cost of holding non-yielding gold.
Gold (XAU/USD) claws back to $5,132 as safe-haven demand offsets a strong USD. With NFP forecast at a low 59K, will a data miss trigger a massive breakout?
On the Intraday chart, Gold is facing resistance around 5180, which could maintain the pressure over market with support still around 4994. Above 5180 the market could start to gain some strength as the second resistance is still at 5227.
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