Gold Research
Gold extends range play below $4,100 as rebounding USD meets receding Fed hike bets
Gold (XAU/USD) struggles to capitalize on a modest weekly bullish gap opening and remains below the $4,100 mark heading into the European session. The US Dollar (USD) stages a modest recovery from its lowest level since June 17, which, in turn, is seen capping the upside for the commodity.
Gold (XAU/USD) struggles to capitalize on a modest weekly bullish gap opening and remains below the $4,100 mark heading into the European session. The US Dollar (USD) stages a modest recovery from its lowest level since June 17, which, in turn, is seen capping the upside for the commodity.
Gold impact rationale
Rising rate-hike or hawkish expectations increase gold's opportunity cost.
- Source: FXStreet news
- 2026-08-03
- rates
- gold_price_action
Topics: gold news, gold price impact, rates, gold_price_action