Gold holds near $4,450 as Fed rate-hike expectations keep buyers cautious
Gold remains at the back foot on Monday, but bears found temporary footstep at $4400 zone (Fibo 38.2% of $3942/$4697 recovery leg / 20DMA) and consolidate after Friday's 3.2% fall (the biggest one-day loss since June 10).
Gold Price Forecast: XAU/USD steadies near $4.400 lows amid rising Fed tightening bets
Gold collapsed towards the target at 4525-50 after Warsh's speech to expand the drop towards the second target at 4450. As we see from the Intraday chart, prices will face support zones at 4380-90 and 4310-40 where each level can push for a rebound.
Fed's hawkishness supports USD, weighs on Gold
Gold and silver face pressure from rising Fed hike expectations and Treasury yields, while renewed Gulf tensions provide competing safe-haven demand.
Gold declines as hawkish Fed signals lift rate hike expectations
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
Gold drops to nearly two-week low as hawkish Fed bets rise amid oil-driven inflation fears