Weekly Gold (XAU/USD) Forecast: 3% slide to $5000/oz as rate cut bets tumble, FOMC up next
Gold (XAU/USD) is under pressure as US dollar gains strength, pushing rate cut bets lower amid Middle East conflict and rising inflation concerns. The upcoming FOMC meeting could signal a delay in 2026 rate cuts, which would weigh heavily on Gold. Technical bias remains neutral-to-bearish.1