đ„ XAUUSD GOLD MARKET UPDATE
Gold (XAU/USD) rebounded strongly this week, reaching around $4,390 per ounce on Friday. The recovery was supported by falling oil prices, easing inflation concerns and a softer pullback in U.S. Treasury yields.
However, the Federal Reserve recently raised interest rates to 3.75%â4.00%, keeping pressure on gold and increasing market volatility.
đ Key Market Focus:
âą Gold: around $4,390/oz
âą Fed policy remains a major driver
âą Oil prices and U.S. yields are important factors
âą Geopolitical uncertainty continues to influence safe-haven demand
â ïž The gold market remains highly sensitive to upcoming U.S. economic data and Fed policy expectations.
