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Gold and silver remain within key consolidation ranges as softer US inflation, dollar movements and geopolitical tensions shape the outlook for precious metals.
Forex
Silver Price Forecast: XAG/USD declines to near $58.40 as US Dollar regains ground
Pound Sterling Price News & Forecast: GBP/USD loses ground after three days of gains
EUR/JPY rallies further above 185.00 against Japanese Yen after BoJ's policy decision
Looking at the 4-hour chart, the pair dipped below the 76.4% Fib retracement level of the upward move from the 160.49 swing low to the 163.98 high. There was also a move below a major bullish trend line with support at 163.30.
Gold Forecast: Looks to snap four-month losing streak but sellers refuse to give up
USD/JPY Price Forecast: Climbs back above mid-160.00s as BoJ rate decision looms
PBOC sets USD/CNY reference rate at 6.7894 vs. 6.7892 previous
AUD/USD and NZD/USD ripped higher on Friday, fuelled by broad-based US dollar weakness following apparent coordinated intervention from Asian foreign exchange authorities, softer-than-expected US economic data and a surge in risk appetite after strong earnings from Microsoft and Amazon.
Gold rallies as dollar selling and lower September hike odds support a breakout from its July base toward the 50-day average.
Gold edges higher above $4,100 as traders trim Fed hike bets
USD/CHF Price Forecast: 50-day SMA guards bullish structure
Thursday's economic calendar delivered a mixed but ultimately constructive picture of the U.S. economy. Growth slowed more than expected during the second quarter, but the details beneath the headline were stronger than they first appeared.
Could China's Gold reserves surpass the United States within five years?
Fort Knox vs. China: The global Gold race nobody discusses
A key event to watch out for is Banxico's interest rate decision that will be announced on August 6, 2026.
Gold shows renewed strength after finding support near $3,996, but bulls face a critical resistance zone before a broader trend reversal can be confirmed.
Street cut its Silver targets: The price fell, the deficit held
The pound sterling has started to show relevant strength against the U.S. dollar. At the moment, GBP/USD has gained slightly more than 1.3% in the short term, reflecting an important buying bias.
Silver Price Forecast: XAG eyes $60.00 as rebound builds
