The dollar will give gold a black mark. Forecast as of 26.01.2024

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The US currency continues to impact the XAUUSD, although central banks are willing to replace the USD with gold. The dollar's stability doesn't allow gold to grow significantly. Let’s discuss it and make a trading plan.

Weekly fundamental forecast for gold

The more you get, the more you want. After gold rallied fast by 13% in 2023, bullish forecasts for its further evolution prevailed. They remain relevant even amid the XAUUSD's sluggish start in 2024. JP Morgan expects it to rise to $2,175 an ounce in Q4 2024 and $2,300 an ounce in Q3 2025. However, gold's reluctance to grow… Read full author’s opinion and review in blog of #LiteFinance

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