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Gold (XAUUSD) Price Forecast: Larak Strike Lifts Oil as Gold Extends Friday's Selloff
Source: fxempire.com
Commodities & Raw MaterialsEnergy Markets & PricesInflationInterest Rates & YieldsCurrency & FXGeopolitics & War
Gold faces renewed pressure as a strike on Larak Island lifts oil prices, keeping inflation risk elevated. A rate-hike warning from Warsh is also supporting the dollar and holding yields firmer, which is typically a headwind for non-yielding gold. Overall, the near-term setup remains cautious for gold while rates and FX stay buoyant.
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