Forecasts & Analysis | Gold

The FP Markets Weekly Market Insight delivers a week-ahead outlook, touching on key upcoming macro events and technical charts.

Facing headwinds from a strong U.S. dollar and hawkish Federal Reserve, the near-term outlook for XAU/USD spot prices leans bearish.

This is the second largest monthly decline this year with only February having a greater devaluation of gold futures.

The final washout in metals and miners is underway.

Gold’s rollercoaster ride today, marked by a bullish surge followed by a sharp decline, hints at uncertainty for investors as it seeks support around 1,850 to 1,843.

Precious metals remain under pressure ahead of the weekend.

There is no denying that the current macroeconomic backdrop is fuelling a “perfect storm” for Commodities.

Despite all of the fundamental components in place for a rally, gold remained relatively weak on Sep. 28.

Gold markets have broken down rather significantly during the course of the trading week, as we are now sub-$1900.

Gold markets have gone back and forth during the early hours on Friday, as it looks like we are trying to stabilize.