Gold has been one of the clearest examples of why structure should come before headlines. The advance from the 2022 low has developed impulsively, producing the characteristics expected from a five-wave Elliott Wave sequence.
Renewed US-Iran military strikes pushed Brent crude to approximately $90.49 and WTI to $85.76 at Monday's settlement. At the same time, the US 10-year Treasury yield climbed to 4.768%, its highest level since January 2025.
Gold edges lower below $4,450 as Middle East tensions add inflation pressure
Gold slips as Warsh Fed hike bets, Oil rally lift US yields
FOMC Chairman Kevin Warsh got the memo for his Jackson Hole speech on Friday. With markets starting to fear that his aloofness and lack of communication was starting to degrade the central bank's credibility, the famously anti-forward guidance Warsh confessed that the central bank would have “work to do” if inflation didn't abate soon and that he “would be hard pressed to describe broad financial conditions as restrictive.
Gold nears $4,400: Is the bullish run over?
Is trump signalling a Gold revaluation? [Video]
Gold tests key $4,510 support after Monday's gap lower. Technical analysis examines the rebound attempt as US interest rates and the dollar drive volatility.
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]
Gold drops to $4,397: Rebound to $4600 or further drop to $4,200?
Warsh: “We have work to do” – Traders price in a September hike, Gold gets punched
Gold holds near $4,450 as Fed rate-hike expectations keep buyers cautious