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Back Fundamental analysis
XAU/USD Price Analysis and Forecast: Gold Struggles to Recover Amid a Bearish Fundamental Backdrop
Gold (XAU/USD) partially recovered from the
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Gold (XAU/USD) partially recovered from the losses incurred after reaching a more-than-one-week low earlier on Friday. However, the potential for further gains remains limited due to the prevailing bearish fundamental backdrop. Against the backdrop of the Federal Reserve's restrictive monetary policy and uncertainty surrounding the next stage of negotiations between the United States and Iran, the U.S. dollar has continued to strengthen for a third consecutive day.In particular, the U.S. Dollar Index (DXY), which measures the dollar's performance against a
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Irina Yanina,
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