Weekly XAUUSD Gold Price Prediction: Pullback to $3200 Amid Market Shifts
Gold faces downward pressure as geopolitical tensions ease and traditional markets show signs of reversal. The XAUUSD pair has already dropped 2000 points, with analysts eyeing a further decline to $3200 this week.
Key U.S. economic reports, including JOLTS job openings data, could significantly impact gold’s trajectory. market participants are adjusting positions ahead of potential Fed policy shifts signaled by these indicators.
The precious metal’s retreat follows Donald Trump’s mediation efforts between Russia and Ukraine, coupled with a tariff pause announcement. These developments have temporarily reduced safe-haven demand, redirecting capital flows toward risk assets.