Gold Price Lingers Near One-Month Low as USD Strengthens; Bears Eye Break Below $2,600 Support

  • ~Gold price remains depressed near its lowest level since October 10 touched the previous day. 
  • ~The Trump-related trades keep the USD close to a multi-month top and weigh on the XAU/USD. 
  • ~Elevated US bond yields support prospects for the precious metal to experience further downside.

    Gold price (XAU/USD) remains on the defensive through the Asian session on Tuesday and currently trades just above its lowest level since October 10 touched the previous day. The US Dollar (USD) stands firm near a four-month high in the wake of optimism over Donald Trump's anticipated expansionary policies and continues to undermine the commodity. Furthermore, elevated US Treasury bond yields, bolstered by hopes that Trump's tariffs and corporate tax cuts could boost inflation, turn out to be another factor weighing on the non-yielding yellow metal.

    That said, fears that Trump’s protectionist stance might trigger a trade war and impact the global economy offer some support to the safe-haven Gold price. Traders might also refrain from placing aggressive bets ahead of this week's release of the US consumer inflation figures. Apart from this, speeches from a slew of influential FOMC members, including Fed Chair Jerome Powell, will be looked upon for cues about the rate-cut path. This, in turn, will play a key role in driving the USD demand and help determine the near-term trajectory for the XAU/USD. 

Recent News

Consumer Price Index ( CPI )

November 13, 2024

Market Insights

US30 Faces Bearish Pressure Below Key Re...

July 22, 2025

Market Insights

NASDAQ making new ATH

December 18, 2024

Market Insights

Nasdaq 100 Holds Above 23,600 — Bullish...

August 29, 2025

Market Insights

NFP to Ignite Gold's Next Big Move Will...

March 07, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window