Gold is holding firm above $5,000 as softer US retail sales strengthen the case for Fed rate cuts. Lower rates tend to support non-yielding assets like gold, and that narrative is back in focus.
After the late-January spike to $5,595 and the sharp 13% pullback, price action is stabilizing around the $5K zone. Bulls appear to be regaining control, with several major banks projecting a renewed push higher — some even targeting $6,000 by year-end.
With rate expectations shifting and the dollar cooling off, gold’s macro backdrop remains supportive. The next key catalyst: incoming US jobs data and Fed signals.
Volatility isn’t over — but the broader uptrend story is still alive.
XAUUSDT
Perp
4,951.5
-2.19%
XAGUSDT
Perp
76.98
-7.28%