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GOLD PRICE FORECAST: XAU/USD HOLDS ABOVE $2,660 WITH SOFT TONE

Tina Collins

15 Jan 2025 — 1 min read

GOLD PRICE FORECAST: XAU/USD HOLDS ABOVE $2,660 WITH SOFT TONE

XAU/USD currently at $2,663.89, showing a soft tone.

Gold remains under pressure due to persistent US Dollar demand.

Gold reached a multi-week high of $2,697.88 on Friday after strong US NFP data.

US added 256,000 jobs in December, with the unemployment rate falling to 4.1%.

Average Hourly Earnings rose by 3.9%, suggesting a potential for the Fed to hold rates longer.

Market sentiment and upcoming UK/US inflation data and Trump’s policies could influence gold in the near term.

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

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