Gold Below $4,000 Amid Inflation and Fed Remarks

Gold prices fell for a third consecutive trading session after persistent inflation in the US and hawkish messages from Fed officials strengthened expectations of a rate hike next month. The precious metal, which has remained below the $4,000 per ounce level, is under pressure as investors reprice their expectations regarding monetary policy. Statements from the Fed side signal that interest rates may stay high for longer. This stands out as one of the main factors limiting demand for non-yielding gold. Persistent inflation also supports the expectation that the central bank will maintain its tight stance. While the ounce price of gold continues to trade below the $4,000 threshold, market participants are focused on next month's rate decision. Strengthening rate-hike expectations indicate that downward pressure on the precious metal may continue in the short term. Not investment advice.

📊 GLD — Piyasa Yorumu

■ neutral · 55%

Gold remaining below $4,000 and uncertainty over the Fed and inflation support sideways-to-downward pressure in the short term. With RSI at 33.8, it is close to the oversold threshold; this suggests the decline may remain limited. MACD is below its signal line and negative, and momentum is weak. Price holding around SMA20/SMA50 may serve as support. Fed messages will be decisive for a clear direction over the next 1-3 days; a cautious neutral stance is appropriate.

RSI 14

33.8

MACD

-1.83

24h Δ

-0.16%

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