Gold Heads for Weekly Drop as Hormuz Attacks Fuel Fed Rate Hike Expectations

Gold prices are poised for their biggest weekly loss since early June. Renewed conflicts in the Middle East have heightened expectations that the US Federal Reserve (Fed) will need to raise interest rates to curb inflation. Attacks in the Strait of Hormuz have increased geopolitical risks, driving investors toward safe-haven assets. However, this has also strengthened the likelihood of the Fed tightening its monetary policy. Expectations of rate hikes diminish the appeal of non-yielding gold, putting pressure on prices. Analysts note that rising geopolitical tensions could provide short-term support for gold, but the Fed's tightening steps negatively impact the long-term outlook. As gold declines on a weekly basis, investors are focused on the Fed's upcoming meetings. This is not investment advice.

📊 GOLD — Piyasa Yorumu

▼ down · 65%

The news headline indicates that gold is heading for a weekly decline despite geopolitical risks, as expectations for a Federal Reserve interest rate hike increase. This could put pressure on gold prices. Technical indicators also point to weakness: the RSI is near oversold territory at 39 but has not yet signaled a recovery, while the MACD is below zero and below its signal line. The price is trading below the 20-day and 50-day moving averages, confirming a short-term downtrend. However, the pace of the decline may be limited, as the RSI is at a low level and a potential corrective buying could emerge.

RSI 14

39.0

MACD

-0.35

24h Δ

1.19%

📊 GLD — Piyasa Yorumu

▼ down · 60%

The news headline indicates that gold is on a weekly decline despite geopolitical risks, with expectations of a Federal Reserve interest rate hike increasing. This could put pressure on gold prices. Technical indicators also point to weakness: the RSI at 34.5 is near oversold territory but has not yet signaled a recovery; the MACD line is below the signal line and in negative territory. The closing price of 3985.76 is well above the SMA20 (370.09) and SMA50 (372.44), which increases the potential for a short-term correction. However, a clear breakout is needed for the decline to continue, so confidence is moderate.

RSI 14

34.5

MACD

-2.07

24h Δ

0.23%

📊 DXY — Piyasa Yorumu

▲ up · 60%

The DXY is trading above its 20- and 50-day moving averages, with the RSI at 55, indicating a short-term bullish trend. The MACD line is above the signal line and in positive territory, suggesting upward momentum. News headlines highlight that geopolitical risks (Hormuz attacks) are boosting expectations of Fed rate hikes, which could support the DXY. However, the weekly decline in gold suggests that the upside in the DXY may be limited. Overall, a short-term upward move is expected, but overly aggressive positioning should be avoided.

RSI 14

54.9

MACD

0.03

24h Δ

0.26%

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