Gold (XAU/USD) attracts buyers for the fifth straight day and climbs to the $4,339 region during the Asian session on Monday. The commodity remains well within striking distance of its highest level since October 21, touched on Friday, and seems poised to appreciate further amid a supportive fundamental backdrop.
Traders, however, might opt to wait for this week’s important US macro releases, which would shape expectations about the Federal Reserve’s (Fed) rate-cut path and drive demand for the non-yielding yellow metal.
📌 The delayed US Nonfarm Payrolls (NFP) report for October and Retail Sales are scheduled for release on Tuesday, along with the provisional manufacturing and services PMIs. This will be followed by the US consumer inflation figures on Thursday.
Apart from this, speeches from influential FOMC members will determine the near-term trajectory for the US Dollar (USD).
Investors this week will further take cues from the Bank of England (BoE) rate decision and the European Central Bank (ECB) meeting on Thursday, and the Bank of Japan (BoJ) policy update on Friday. This should provide a fresh directional impetus to the Gold price.
US President Donald Trump said last Friday that he was leaning toward choosing either former Fed Governor Kevin Warsh or National Economic Council Director Kevin Hassett to lead the US central bank next year. Market participants seem convinced that the new Trump-aligned Fed chair will be an uber-dovish and slash interest rates regardless of the economic fundamentals. This has been another factor behind the recent USD decline and suggests that the path of least resistance for the Gold price remains to the upside.
Moreover, the emergence of dip-buying at the start of a new week and acceptance above the $4,303 mark validate the positive outlook.
Crucial Price Zones Ahead:
🔺$4385/4444/4484/4505/4545/4585/4646
🔻$4242/4185/4141/4085/4040/3985/3939
#XAUUSD #XAUUSD分析 PRICE TARGETS FOR NEXT 24 TRADING DAYS
IMPORTANT EVENTS:
NFP/CPI/BOE IR/ ECB IR/ BOJ IR/ HOLIDAYS OPTIMISM/ NEW YEAR OPTIMISM
TARGET DATE: 15/26 JANUARY 2026