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fxJun 24, 2026, 7:58 AM

Gold Bears Stay in Control as Fed Rate-Hike Bets Lift USD

Gold (XAU/USD) recovers slightly from nearly two-week lows near $4,050, but bears retain control as Federal Reserve rate-hike expectations continue to support the US dollar.

XAUUSD

Gold (XAU/USD) edged up from a nearly two-week low near $4,050, but gains remain limited. The recovery is fragile as the precious metal remains under sustained selling pressure due to ongoing Federal Reserve rate-hike bets that boost the US dollar. Bears maintain control of the price action, with any bounces seen as selling opportunities.

Source: FXStreet Forex News