Gold Price Forecast: XAU/USD Gains Ground Ahead of U.S. Elections and Fed
Gold Price Forecast: XAU/USD Gains Ground Ahead of U.S. Elections and Fed
Gold prices are bouncing back toward $2,750 as trading begins on Monday.
U.S. Dollar Weakness: The U.S. Dollar and Treasury yields are declining amid speculation of a Harris win in the upcoming U.S. elections.
Recapturing the $2,750 level is seen as crucial for maintaining bullish momentum in gold prices.
The gold market is showing cautious optimism as traders await the U.S. election and Federal Reserve policy decisions later in the week.
Gold prices previously hit an all-time high of $2,790 on Friday before experiencing a correction.
