Gold Price Forecast – Will Energy Shock and Inflation Push XAUUSD Higher?
Gold remains supported by energy-driven inflation and geopolitical disruption, as slowing growth and limited Fed flexibility reinforce its role as a defensive asset while this article outlines the key macro drivers and technical structure shaping its next move.
Gold (XAU) price is fluctuating as the market responds to ongoing disruption in the Strait of Hormuz and skyrocketing energy related inflation. The price opened with a gap lower on Monday as the ceasefire deal between the US and Iran failed. I think this background preconditions further strength in gold, which is backed by both slowing economic growth and ongoing inflation pressure. This article presents the macro drivers, technical structure and key levels that will determine the next move in gold.