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fxJun 30, 2026, 10:43 AM

Gold Price Targets $3,600 as Dollar Rebounds and Fed Independence Confidence Grows

Gold is forecast to reach $3,600, supported by a rebound in the US dollar after a three-day decline, growing confidence in the Fed's independence, anticipation of Kevin Warsh's speech in Sintra, and ongoing Middle East tensions.

XAUUSD

The precious metal is being projected to hit $3,600, according to market commentary. The bullish call comes as the US dollar reversed a three-day losing streak, supported by renewed investor faith in the Federal Reserve's independence.

Traders are also eyeing an upcoming speech by Kevin Warsh in Sintra, Portugal, which may provide further policy clues. Additionally, unresolved geopolitical risks in the Middle East continue to underpin safe-haven demand for gold.

Source: FXStreet Forex News