FXEmpire
29 May 2026, 07:08 UTC · 12h ago
Source · https://www.fxempire.com/forecasts/article/gold-price-forecast-xauusd-rebounds-as-iran-deal-hopes-ease-pressure-1600985
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PCE inflation data showed the largest increase in three years, primarily driven by energy prices from the Iran war. — Strong inflation typically triggers a hawkish Fed response (higher interest rates), which increases the opportunity cost of holding non-yielding assets like gold.
-0.60Gold prices rebounded from the $4,360 support zone following hopes for a U.S.-Iran ceasefire extension. — A ceasefire reduces the geopolitical risk premium and immediate downside pressure, providing a short-term floor for prices.
+0.40Gold must break above $5,000 and silver above $89 to confirm the next major upward trend. — These levels serve as critical technical triggers for momentum traders to enter long positions.
+0.30Ticker attribution
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