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XAU/USD Price Analysis and Forecast: Gold Remains Under Pressure
Today, Wednesday, gold (XAU/USD) continues to
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Today, Wednesday, gold (XAU/USD) continues to decline, once again falling below the $4,450 level and approaching the critically important 200-day SMA, while reaching a new weekly low during recent trading hours. Renewed tensions in the Middle East have driven oil prices higher for a third consecutive day, increasing inflation risks and reinforcing market expectations that interest rates will remain elevated for an extended period.This is weighing on gold, which does not generate interest income. In addition, geopolitical instability continues to
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