Gold Prices Tumble Amid Strong Dollar and Rising Rates
Gold prices have been under pressure since mid-March 2025 due to a strengthening U.S. dollar and rising bond yields, which are reducing the appeal of non-yielding assets like gold.
The technical outlook for XAU/USD remains weak, with the precious metal struggling to reclaim key resistance levels near $2,150 per ounce.
A break below the 50-day moving average has put pressure on gold, and the Relative Strength Index (RSI) has dipped below 45, indicating bearish momentum without being oversold.
The U.S. Federal Reserve's upcoming monetary policy decision is a key catalyst for gold prices, with investors watching closely for any signals from Chair Jerome Powell on inflation and economic growth.
If the Fed holds interest rates steady and signals no rate cuts in the near term, it could lead to further pressure on gold prices.