Gold Price Forecast: XAU/USD Reversal Might be Premature. Eyes on Fed, GDP and PCE - DailyFX

Gold prices rallied this past week, but markets might be getting ahead of themselves. A hawkish Federal Reserve, US GDP and PCE data could weigh against XAU/USD in the week ahead.

Gold Fundamental Forecast - Bearish

• Gold prices gained just one percent, but it was the best week since mid-June
• Markets are increasingly pricing in a Fed pivot despite 9.1% y/y infl… [+2857 chars]
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