Gold Price Prediction: XAU/USD Breaks Above $4,075 Ahead of Fed Minutes & NFP Data
We are seeing a notable spike in the Gold Price this week. The spot rate for the Gold/USD pair (XAU/USD) has moved above $4,075 per ounce, drawing attention from markets. This level is meaningful for two reasons: one, it signals renewed bullish momentum in gold; and two, it comes as two major events approach, the Federal Reserve (“Fed”) minutes and the delayed U.S. Nonfarm Payrolls (NFP) data. We’ll explain what’s driving the move, how we expect gold to perform next, and what pitfalls to watch out for.
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