Gold Research
Gold retreats further from two-month high, eyes $4,350 as Fed rate hike bets support USD
Gold (XAU/USD) extends its intraday retracement slide from the highest level since June 5 and drops to a fresh daily low, near the $4,350 area during the first half of the European session on Tuesday.
Gold (XAU/USD) extends its intraday retracement slide from the highest level since June 5 and drops to a fresh daily low, near the $4,350 area during the first half of the European session on Tuesday.
Gold impact rationale
Rising rate-hike or hawkish expectations increase gold's opportunity cost.
- Source: FXStreet news
- 2026-08-11
- rates
- gold_price_action
Topics: gold news, gold price impact, rates, gold_price_action