Gold ($XAU) Commodity Forecast: Up 0.4% Today

What is Gold?

Gold is a precious metal that serves as a safe-haven asset during uncertain economic times. It is a staple in the commodities market, with its value influenced by geopolitical issues, inflation, and central bank decisions.

Why is Gold going up?

XAU commodity is up 0.4% on Aug 22, 2025 14:10

• Gold prices surged significantly today, hitting approximately $3,330 per ounce.
• This sudden surge is linked to market speculations about a possible rate reduction by the Federal Reserve in September, with traders currently factoring in a high likelihood of a quarter-point reduction.
• Rising geopolitical tensions, particularly the conflict between Russia and Ukraine, also drove investors to seek refuge in safe-haven assets like gold.
• Investors are eagerly anticipating Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for additional insights into the central bank's monetary policy direction, which could continue to impact gold prices in the short term.

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Gold Extends Losses

Gold extended its recent losses to around $3,330 per ounce on Friday, holding within a tight range as traders avoided major moves ahead of Fed Chair Powell’s remarks at Jackson Hole, which may offer signals on the US policy outlook. On Thursday, Fed officials gave little indication of support for a rate cut next month, leaving markets focused on Powell’s speech for guidance amid signs of a cooling labor market, while inflation remains above target and vulnerable to tariff-related pressures. Investors still see the possibility of policy easing in September, with markets pricing in a 75% chance of a quarter-point cut. On the geopolitical front, hopes for a potential Russia-Ukraine peace deal dimmed, as reports said Russia launched its largest drone and missile attack on Ukraine in more than a month, and Moscow accused Kyiv of rejecting the prospect of a “lasting and fair settlement.” For the week, gold is poised to end little changed.

Gold Ticks Lower Ahead of Fed’s Jackson Hole Gathering

Gold prices fell to around $3,340 per ounce on Thursday as investors positioned themselves ahead of the three-day Federal Reserve Jackson Hole symposium that begins later today. Market attention is firmly on Fed Chair Jerome Powell’s remarks for hints about the central bank's monetary policy stance. Currently, traders are pricing in an 82% chance of a rate cut in September. However, the latest Fed meeting minutes showed that policymakers remain concerned about both inflation and the labor market, with most voting members feeling it is too early to lower interest rates. On the geopolitical front, Russia said on Wednesday that attempts to address security concerns related to Ukraine without Moscow’s involvement are a “road to nowhere”, sounding a warning to the West as it seeks guarantees for Kyiv’s future protection.

Gold Approaches Three-Week Low

Gold fell to around $3,310 per ounce on Wednesday, approaching a three-week low, as prospects of easing geopolitical tensions and a rising US dollar weighed on the metal ahead of the Federal Reserve’s Jackson Hole symposium. On Tuesday, US President Trump indicated he would not deploy ground troops to Ukraine but left open the possibility of providing air support as part of efforts to address the conflict with Russia. Ukraine President Zelenskiy welcomed the talks, calling them a significant step toward resolving the ongoing war and paving the way for potential negotiations involving Russian President Putin. Meanwhile, all eyes are on Fed Chair Powell’s upcoming speech at the Jackson Hole symposium, seeking guidance on the central bank’s future policy direction. Later in the day, the release of the recent FOMC meeting minutes is expected to provide additional insight. Market pricing currently points to two 25bps rate cuts this year, with the first potentially occurring in September.

Gold Little Changed

Gold prices held steady around $3,330 per ounce on Tuesday as investors weighed US-led efforts to end the war in Ukraine and look ahead to the Federal Reserve’s annual Jackson Hole symposium. Following his Monday meeting with Ukrainian President Volodymyr Zelenskiy and European leaders, US President Donald Trump said he had spoken with Russian President Vladimir Putin and was working to arrange a direct meeting between Putin and Zelenskiy, to be followed by a trilateral summit among the three presidents. This raised hopes for a potential peace deal, though investors remained skeptical about an imminent breakthrough. Attention is also firmly on Fed Chair Jerome Powell’s speech in Wyoming later this week, where traders are looking for clues on whether the US central bank will resume cutting interest rates in September. Markets currently imply an 84% chance of a 25bps rate cut next month.

Gold Dip After Trump-Zelensky Talks

Gold prices edged lower to $3,330 per ounce on Monday, as investors focused on US President Donald Trump’s meeting with Ukrainian and European leaders and the Federal Reserve’s annual Jackson Hole symposium. President Trump expressed optimism about ending the war in Ukraine during a White House meeting with President Zelensky, with European and NATO leaders also present. He said the US would be “involved” in maintaining peace and plans to call Russian President Putin after the talks. This follows a highly anticipated summit between Trump and Russian President Vladimir Putin last Friday, which failed to yield any breakthrough on a ceasefire. Meanwhile, markets will be closely watching Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium, along with the minutes from the Fed’s latest meeting, amid growing expectations for a September interest-rate cut.

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Gold Price History

21.05.2024 - XAU Commodity was down 0.8%

• Gold prices fell today despite recent upward momentum, as investors awaited further cues on the Federal Reserve's monetary policy outlook.
• The anticipation of a potential interest rate cut by the Fed was reinforced by soft US economic data, including weak retail sales and a slowdown in the labor market.
• Higher US Treasury yields and tepid gold demand in key markets like India and China also contributed to the downward pressure on Gold prices.
• The market movement suggests that investors are closely monitoring economic indicators and Fed officials' statements to assess the timing and extent of potential rate cuts, impacting the demand for safe-haven assets like Gold.

03.03.2025 - XAU Commodity was down 0.3%

• Gold prices dropped significantly by more than 3% from a record high above $3,160 per ounce due to the decision to exempt precious metals from tariffs, leading to a bearish market sentiment.
• Despite the decline, concerns about the tariffs' impact on global inflation and growth, coupled with expectations of rate cuts and strong demand for gold-backed ETFs, helped mitigate the losses, showcasing the metal's resilience in volatile times.
• The market movement was also influenced by tariff announcements, outlining baseline tariffs and higher rates for countries like China, the EU, and Japan, as investors awaited the U.S. non-farm payrolls report for further insights into the Federal Reserve's monetary policy direction.
• Overall, the bearish movement in gold today can be attributed to a combination of factors, including trade tensions, economic uncertainties, and market reactions to geopolitical events, highlighting the metal's sensitivity to global developments.

01.07.2025 - XAU Commodity was up 1.3%

• Gold experienced a strong bullish movement today, reaching above $3,290 per ounce.
• The bullish trend can be attributed to the ongoing trade tensions between the US and multiple countries, leading to a weaker global economic outlook and increasing demand for safe-haven assets like gold.
• President Trump's introduction of higher tariffs on various nations, coupled with a stronger US dollar, contributed to the positive sentiment towards gold as investors sought to hedge against market volatility.
• Additionally, the uncertainty surrounding the Federal Reserve's interest rate decisions and the potential impact of tariffs on inflation further boosted the appeal of gold as a store of value in turbulent times.

23.03.2025 - XAU Commodity was down 5.2%

• Gold prices retreated from record highs as optimism surrounding US-China trade tensions and reduced concerns about Federal Reserve independence weakened the metal's safe-haven appeal.
• Treasury Secretary Scott Bessent's comments on a potential de-escalation in the trade conflict with China and President Trump's backing away from threats to dismiss Fed Chair Jerome Powell contributed to the decline in gold prices.
• The improved overall sentiment and the slight pullback in assets benefiting from safety demand led to a decrease in gold prices, despite the metal still being up roughly 30% year-to-date.
• President Trump's remarks on Fed Chair Powell, ongoing global trade tensions, and fears of political interference in monetary policy have added to the uncertainty, driving investors towards safe-haven assets like gold.

18.08.2024 - XAU Commodity was down 0.3%

• Gold's bearish movement today can be attributed to profit-taking by investors after the recent surge in prices to record highs.
• The Federal Reserve's unexpected jumbo rate cut and updated economic forecasts may have led to a shift in investor sentiment towards riskier assets, impacting the demand for safe-haven assets like gold.
• The ongoing market uncertainty, including political events and central bank decisions, could have also contributed to the downward pressure on gold prices as investors reassess their portfolios.
• Despite today's bearish movement, the long-term bullish trend in gold, driven by factors such as a weaker dollar and lower bond yields, remains intact, indicating potential buying opportunities for investors looking to capitalize on future price increases.

06.10.2024 - XAU Commodity was down 1.2%

• Gold prices fell due to concerns over the US election outcome and the potential impact of a Trump presidency on inflation, leading investors to turn away from the precious metal.
• Anticipation of a Federal Reserve interest rate cut to bolster the economy was not enough to offset the negative pressure on gold.
• Investor wariness towards safe-haven assets like gold was evident, given positive economic indicators and the resilience of the US economy, which diminished the immediate necessity for hedging against inflation risks.
• Today's dip in gold prices stemmed from a mix of factors, including election uncertainty, monetary policy projections, and changing perceptions of economic stability.

25.01.2025 - XAU Commodity was down 1.7%

• Gold prices fell below $2,950 per ounce despite holding near record highs, as concerns over President Trump's tariff policies continued to weigh on the market sentiment.
• The escalating trade tensions, coupled with fears of inflationary risks due to tariff announcements on various imports, led investors to reevaluate their positions in gold as a hedge against economic uncertainty.
• Despite the bullish trend in recent weeks, the bearish movement today may indicate a temporary pullback as investors await further clarity on the Fed's monetary policy stance and the impact of geopolitical events on the global economy.
• The upcoming PCE report and market reactions to Trump's tariff measures will likely play a crucial role in shaping gold's future price movements, as investors navigate through volatile market conditions seeking safe-haven assets.

16.06.2025 - XAU Commodity was up 1.0%

• Gold prices edged higher to around $3,330 per ounce as investors assessed a pick-up in US inflation and ongoing trade developments, including tariff announcements on various countries.
• The uncertainty surrounding US economic policy and trade tensions continued to support gold prices, with central banks increasing their gold reserves amid the volatility in global markets.
• Tariff measures, such as the 30% duty on imports from the EU and Mexico, along with calls for rate cuts, added to the market volatility and boosted demand for safe-haven assets like gold.
• The World Gold Council reported net central bank gold purchases, further highlighting the ongoing interest in gold as a hedge against economic and geopolitical uncertainties.

01.02.2024 - XAU Commodity was up 0.8%

• Gold surged to a 4-week high of $2051.00 USD/t.oz, benefiting from the latest US inflation data that reinforced expectations of Federal Reserve interest rate cuts.
• The solidification of investors' beliefs in the Fed's accommodative stance, particularly after the PCE data release, bolstered Gold's appeal as a hedge against economic uncertainties.
• With markets pricing in a high probability of a Fed rate cut in June and no hikes expected in the near term, the outlook for Gold remains positive as investors seek refuge in the precious metal.
• Lower yields and the prospect of monetary easing further supported Gold's upward trajectory, making it an attractive asset in the current economic landscape.

20.02.2024 - XAU Commodity was up 1.1%

• Gold prices surged as investors awaited the US Federal Reserve's policy decision, with expectations of interest rates remaining unchanged leading to increased confidence in the precious metal.
• Strong US inflation data and the anticipation of monetary easing in the future contributed to the bullish movement in gold prices.
• The Bank of Japan's decision to end its negative rate policy and the Reserve Bank of Australia's steady rates also played a role in boosting gold prices as investors sought safe haven assets amidst global economic uncertainties.
• Overall, the bullish movement in gold can be attributed to a combination of factors including central bank policies, economic data releases, and geopolitical tensions, all of which favored the appeal of the precious metal as a store of value.

02.07.2024 - XAU Commodity was down 1.1%

• Gold prices dropped significantly today, despite recent record highs, as investors may have taken profits following the surge in prices.
• The bearish movement could also be attributed to the easing of tensions in the Middle East, reducing the demand for safe-haven assets like gold.
• The anticipation of a Federal Reserve rate cut may have influenced the market sentiment, leading to profit-taking in gold after the recent bullish rally.
• Overall, the combination of profit-taking, reduced geopolitical tensions, and market expectations regarding the Fed's monetary policy decisions likely contributed to the bearish movement in the gold market today.

22.07.2025 - XAU Commodity was up 0.4%

• Gold prices surged significantly today, hitting approximately $3,330 per ounce.
• This sudden surge is linked to market speculations about a possible rate reduction by the Federal Reserve in September, with traders currently factoring in a high likelihood of a quarter-point reduction.
• Rising geopolitical tensions, particularly the conflict between Russia and Ukraine, also drove investors to seek refuge in safe-haven assets like gold.
• Investors are eagerly anticipating Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for additional insights into the central bank's monetary policy direction, which could continue to impact gold prices in the short term.