Skip to main content
BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%
AboutTraders FairTraders AwardsTrade Game
/
Pricing
Get started→
macroJul 3, 2026, 8:52 AM

TD Securities Sees Gold Heading to $4,280 as Fed Rate Hike Odds Diminish

TD Securities' Bart Melek says weaker US jobs data and reduced chances of a 2026 Fed rate hike have pushed gold above $4,100 per ounce, with a near-term target of $4,280 and support at $3,900.

XAUUSD

TD Securities analyst Bart Melek notes that gold has formed a higher trading range after weaker US jobs data and declining odds of a Fed rate hike in 2026.

The bank reports that gold has already moved above $4,100 per ounce and expects the metal to trend toward $4,280/oz in the near term. Key support is seen near $3,900/oz.

Melek attributes the rally to reduced Federal Reserve tightening risks following softer labor market data, which has diminished the probability of a rate increase next year.

Source: FXStreet Forex News