Gold Price Analysis: Eying $5,300 Amid Weak Dollar, Geopolitics

Gold price analysis suggests continued upside, with prices posting fresh record highs. Safe-haven demand and a weaker dollar maintain the bullish case for gold. Declining yields and dovish Fed expectations keep the gold dips attractive for buyers. Gold spot prices are at all-time highs amid strong safe-haven demand, a structurally weaker US dollar, and changing…

The post Gold Price Analysis: Eying $5,300 Amid Weak Dollar, Geopolitics appeared first on Forex Crunch.

Similar Posts

gold-outlook:-risk-flows-lift-bullion-amid-shutdown,-soft-labor-data

Gold Outlook: Risk Flows Lift Bullion Amid Shutdown, Soft Labor Data

Gold outlook remains bullish, standing above the key $3,870 level. Risk flows due to the US government shutdown, weaker labor data, and the Russia-Ukraine crisis push gold up. Markets await the US ADP and ISM Manufacturing PMI for more impetus. Gold prices are holding near the record high levels of $3,875 during the early European……

aud/usd-forecast:-aussie-gains-ground-amid-rba’s-cautious-policy

AUD/USD Forecast: Aussie Gains Ground Amid RBA’s Cautious Policy

The AUD/USD forecast shows an uptrend as a strengthened AUD moves against a weaker US dollar amid tight RBA policy and US shutdown optimism. The US Senate advances a government funding bill to end the Federal government shutdown.  Traders await commentary from FOMC members Musalem and Daly for further policy cues.  The AUD/USD forecast suggests……

usd/jpy-forecast:-yen-holds-firm-despite-political-chaos

USD/JPY Forecast: Yen Holds Firm Despite Political Chaos

The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. Japan’s ruling party lost the election on Sunday. If there is no trade deal by August 1, Japan might face a 25% tariff on its goods. The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. The……

usd/jpy-outlook:-yen-wavers-after-boj-meeting,-upbeat-us-data

USD/JPY Outlook: Yen Wavers After BoJ Meeting, Upbeat US Data

The USD/JPY outlook shows fluctuations in the yen after the Bank of Japan policy meeting.  The Bank of Japan was more upbeat about the outlook for Japan’s economy than expected. US data revealed strong private employment and GDP growth.  The USD/JPY outlook turns slightly bearish after the Bank of Japan policy meeting that revealed a……

gbp/usd-price-analysis:-gilts-weighed-down-by-fiscal-concerns

GBP/USD Price Analysis: Gilts Weighed Down by Fiscal Concerns

The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal health. The UK 30-year yield rose to its highest point since May 1998. The US will release its non-farm payrolls report on Friday, providing an update on the state of the labor market. The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal……

usd/cad-forecast:-dollar-fragile-as-markets-position-for-fed-cut

USD/CAD Forecast: Dollar Fragile as Markets Position for Fed Cut

The USD/CAD forecast shows the dollar in a vulnerable position ahead of the Fed meeting. Market participants are almost fully pricing a 25-bps Fed rate cut. The BoC is also facing pressure to cut rates this week. The USD/CAD forecast shows the dollar in a vulnerable position as markets prepare for a likely Fed rate……