December 09, 2024
Gold forecast: XAU/USD rises to key level ahead of big macro events
A shift in Beijing’s monetary strategy provided a boost to Chinese stocks and rippled through global markets, lifting commodity prices, including gold. Add geopolitical tensions from the Middle East to Europe, and it’s clear why safe-haven assets like gold saw a recovery. The week ahead, however, brings high-stakes events like interest rate decisions from major central banks and key US inflation data, all set to influence the gold forecast.