Gold Price Stays in a Range as Traders Wait for Clear Fed Signals
The Gold price (XAU/USD) is moving in a tight range near $3,309. Even though gold fell a bit earlier this week, it is now stable. This is because the US dollar has become weaker after some mixed signals from the Federal Reserve about interest rate cuts. A Fed member recently hinted that rate cuts may still happen, which gave some support to gold.
At the same time, strong economic data from the US and higher inflation due to new trade tariffs are making the Fed cautious. Because of this, many traders think the Fed will delay rate cuts, which is keeping gold from rising sharply.
The overall market sentiment is positive, so investors are not rushing to buy gold as a safe-haven asset. But there is still some fear about President Trump’s trade plans, which is helping gold stay above its recent lows.
Now, traders are watching for new US economic data that will be released soon. This data may decide which direction the gold price moves next.
Impact:
Gold might stay around current levels unless strong US data or clear Fed updates push it up or down. A shift in market mood could also move prices either way.