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fxJul 16, 2026, 4:27 PM

Gold sellers push XAU/USD to fresh weekly low near $4,000

The US Dollar strengthened on Thursday, reversing a two-day decline, amid persistent Middle East tensions. This pushed XAU/USD to a fresh weekly low below the $4,000 mark.

XAUUSD

The US Dollar reversed its two-day losing streak and traded firmly higher against major rivals on Thursday. Persistent tensions in the Middle East weighed on the safe-haven asset, driving XAU/USD below the $4,000 threshold.

Gold sellers maintained pressure throughout the session, establishing a fresh weekly low. The move marks a continuation of the bearish tone as the greenback gains momentum.

Source: FXStreet Forex News