Gold prices ripped higher in Q1 as rate expectations faded and the banking system fell into turmoil. Will bulls continue to drive the safe-haven commodity in Q2?
Gold prices are bracing for another volatile week with the focus shifting to Fedspeak after an absolute blowout jobs report. Will dovish expectations erode, plunging XAU/USD?
Gold prices might fall if the Federal Reserve disappoints dovish market expectations that have led to easing financial conditions before inflation is back to target.
While gold prices were left mostly flat last week, the fundamental landscape arguably remains bearish. This is as XAU/USD shows increasing technical signs of an impending bearish reversal.
Gold prices rallied the most since March 2020 last week as a softer US inflation report saw traders price in a less hawkish Federal Reserve. Ahead, eyes are on Fedspeak, PPI and retail sales data.