📉 Gold Slides Below Key Levels as Dollar Strengthens

• XAU/USD Sinks Under $4,800

Gold has struggled to hold above $4,800 per ounce, dipping intraday as the US Dollar climbs to a two-week high, putting downward pressure on the commodity priced in USD.

• Dollar Gains From Mixed Fundamental Signals

A firmer USD is being supported by better-than-expected economic data and changing Fed expectations, even as market bets on rate cuts persist — which could cap the strength of the dollar’s rally.

• Safe-Haven Support Still Present

Geopolitical easing (e.g., planned US–Iran talks) and broader macro uncertainties are helping to limit deeper losses in gold, as investors still view it as a hedge during risk-off periods.

• Sector Impact:

Precious metal miners and related stocks have seen weaker performance amid the sell-off, adding pressure to broader commodity-linked equities.

💡 Expert Insight:

Gold’s short-term bias remains bearish below key resistance levels — but dovish Fed prospects and geopolitical risks could cushion further drops and support rebounds if the USD begins to weaken.

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