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fxJul 3, 2026, 2:54 PM

Gold Weekly Forecast: Buyers Return as Fed Rate Hike Expectations Ease

Gold (XAU/USD) posted its first weekly gain in five as traders dial back expectations for near-term Fed rate hikes. The economic calendar is light next week.

XAUUSD

Gold (XAU/USD) managed to close in positive territory last week, snapping a four-week losing streak. Bullish momentum returned as market participants reduced bets on aggressive Federal Reserve rate hikes in the near term.

With the economic calendar lacking high-impact data releases, technical factors may dominate price action in the coming days. Investors will watch for any shift in the US dollar or bond yield trends to gauge gold's next move.

Source: FXStreet Forex News