Gold Price Forecast: XAU/USD Avoids Breakdown as Yields Surged but Can it Continue? - FOREX.com
Gold Price Forecast: XAU/USD Avoids Breakdown as Yields Surged but Can it Continue? - FOREX.com
Source: FOREX.com
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DW NOTE
Gold is down 18.8% from its January high while the US fights an active war with Iran and the Strait of Hormuz sits closed. The Fed raised rates into a supply shock that has already knocked 5.7 million barrels per day out of global oil supply. If gold can't hold a bid through this, the question isn't whether it can continue — it's what safe haven means when every textbook catalyst is already firing.