Gold Steadies Near $4,577 as Rate Fears Loom — May 19 Preview
With inflation forecasts hitting 6% and Fed rate hike talk intensifying, gold's fragile 2-day rebound faces a critical stress test Monday.
Gold is under real pressure while geopolitical risk keeps safe-haven demand in focus, down -1.22% to $4,488.80 as the defensive bid softens.
Gold is now down 5.4% over the past week, gold is trading close to the key $4,500.00 level, a softer dollar at 99.23 is still a tailwind, while the gold/silver ratio at 60.7 keeps the safety-versus-beta trade in focus.
With inflation forecasts hitting 6% and Fed rate hike talk intensifying, gold's fragile 2-day rebound faces a critical stress test Monday.
With sentiment deep in fear territory and geopolitical pressure mounting, gold's weekly 3.1% drop sets a tense stage for Monday's session.
With yields surging, the dollar soft at 99.21, and Fear & Greed at 31, gold faces a critical test at $4,541 heading into the weekend.
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