GOLD PRICE FORECAST: XAU/USD BREAKS KEY RESISTANCE, UPSIDE AHEAD WITH GEOPOLITICAL RISKS

Tina Collins

06 Jan 2025 — 1 min read

GOLD PRICE FORECAST: XAU/USD BREAKS KEY RESISTANCE, UPSIDE AHEAD WITH GEOPOLITICAL RISKS

Gold price consolidates above $2,650, near a two-week high of $2,664.

US Dollar stalls amid sluggish US Treasury bond yields and a cautious market mood.

Geopolitical risks and tensions around US President-elect Trump’s policies drive haven demand for gold.

Gold traders respond to escalating conflicts, including Israeli airstrikes and Russian drone strikes.

Bullish RSI signals more upside potential for gold, despite Fed’s cautious rate-cut approach.

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BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY

GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS

Surprise Fed Statements: March Could See Interest Rate Cut

LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES