XAUUSD The downward trend of the gold price (XAU/USD) continues as the US Dollar remains strong, driven by negative market sentiment and consistent job growth in the United States. The yellow metal is under pressure because it is expected that the Federal Reserve (Fed) will maintain higher interest rates for an extended period.
The appeal of the US Dollar has significantly increased as there are expectations that the US economy will avoid a recession due to decreasing inflation and a steady job market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.