Gold Surges on Fed Dovish Signals, Eyes $3,500 Target
Gold prices rallied sharply on August 22, 2025, following Federal Reserve Chairman Jerome Powell's Jackson Hole address. The XAUUSD pair climbed 1% to $3,370/oz as Powell's暗示 of potential September rate cuts weakened the dollar and Treasury yields. Market participants swiftly repositioned Gold as a hedge against economic uncertainty.
This week's macroeconomic data—GDP, unemployment claims, and Core PCE—will dictate near-term momentum. Strong figures may pressure gold, while soft releases could propel prices toward record highs above $3,500.
Technical structures remain bullish, with $3,352-$3,340 forming a key support zone. Resistance clusters between $3,381-$3,402 ahead of the primary $3,440-$3,500 target corridor. Traders are advised to accumulate on dips.
