$XAU
Macro uncertainty, geopolitical tensions, and safe-haven demand have kept buying pressure strong.
🔹 Strong U.S. labor data trimmed gains recently as rate-cut expectations faded, but prices remain elevated.
🔹 Central bank purchases and ETF inflows continue supporting demand.
Gold historically benefits when investors fear inflation, recession, dollar weakness, or geopolitical risk — all factors currently in play globally.
💹 2. Interest Rate & Fed Policy
Gold dislikes higher real yields and higher rates. If the Fed delays cuts due to strong labor or inflation data, short-term prices can be pressured.
🏦 3. Central Bank Buying
Many central banks — especially in Asia — continue to buy gold, which underpins strong medium-term demand.
MarketWatch
📉 4. Dollar Strength
A weaker U.S. dollar often boosts gold prices, while dollar strength can cap gains.
$5,200 — psychological barrier
~$5,500+ — recent highs
~$5,000 — major psychological level
~$4,750–$4,700 — correction support
~$4,200–$4,300 — deeper support if trend weakens
Longer-term bullish bias — driven by global uncertainty, central banks, and risk sentiment.
✔️ Short-term volatility likely — dependent on macro data, rate expectations, and dollar movement.
✔️ Dips likely buying opportunities in strong trend scenarios.
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