FXEmpire
08 Jun 2026, 04:07 UTC · 8h ago
Gold and Silver Price Forecast: XAUUSD Breakdown Signals More Pain Ahead
FXEmpire
08 Jun 2026, 04:07 UTC · 8h ago
Story key points
5 claims · impact-rated
Strong US jobs data and elevated inflation risks have increased concerns that the Federal Reserve may raise or maintain elevated interest rates. — Higher interest rates increase the opportunity cost of holding non-yielding assets like gold and typically strengthen the USD, weighing on risk assets.
-0.80Gold (XAUUSD) has broken below key support levels at $4,350 and $4,500, opening a path toward the $4,000 level. — A technical breakdown of key support zones often triggers further selling momentum and algorithmic liquidations.
-0.60Escalation in the Middle East crisis has pushed WTI and Brent oil prices higher, contributing to inflation expectations. — Geopolitical risk typically drives crude oil prices higher, though it creates a secondary negative effect via inflation.
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China's central bank increased its gold reserves in May, and speculators have raised net long positions. — Central bank accumulation provides a structural floor and long-term bullish fundamental support for gold prices.
+0.40Physical demand for gold in India remains weak. — Weakness in one of the largest consumer markets for physical gold reduces the immediate upside potential for prices.
-0.20Ticker attribution
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