Gold Price Forecast: XAU/USD Drops as Risk-Related Assets Receive a Lift

Gold Price Forecast: XAU/USD Drops as Risk-Related Assets Receive a Lift https://www.dailyfx.com/forex/market_alert/2022/03/09/Gold-Price-Forecast-XAUUSD-Drops-as-Risk-Related-Assets-Receive-a-Lift-RS.html Gold prices have come off this morning as US and EU equities halt declines in emphatic fashion. However, risks to the upside remain should conflict continue

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United States Goods Trade Balance dipped from previous $-59.1B to $-86.9B in November 29 January 2026

United States Goods Trade Balance dipped from previous $-59.1B to $-86.9B in November

United States Goods Trade Balance increased to $-27.9B in November from previous $-59.1B 29 January 2026

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United States Goods and Services Trade Balance came in at $-56.8B, below expectations ($-40.5B) in November 29 January 2026

United States Goods and Services Trade Balance came in at $-56.8B, below expectations ($-40.5B) in November

United States Initial Jobless Claims 4-week average increased to 206.25K in January 23 from previous 201.5K 29 January 2026

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United States Initial Jobless Claims above forecasts (205K) in January 23: Actual (209K) 29 January 2026

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EUR/GBP flat as ECB monitors Euro strength, markets eye GDP data 29 January 2026

The Euro (EUR) holds firm against the British Pound (GBP) on Thursday, stabilising after coming under pressure in the previous session amid rising speculation that the European Central Bank (ECB) could cut interest rates later this year.

Brent: Oil prices rise amid geopolitical tensions – BNY 29 January 2026

Brent crude has surpassed $70 per barrel for the first time since September, driven by rising tensions with Iran and broader geopolitical risks.

EUR/USD wavers in range ahead of US employment, factory data 29 January 2026

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South Africa SARB Interest Rate Decision remains unchanged at 6.75% 29 January 2026

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Russia Central Bank Reserves $: $786.9B vs $769.1B 29 January 2026

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Another day, another all-time high for Gold (XAU/USD), which has been breaking records for nine consecutive days, showing a dizzying 20% rally in less than two weeks. The pair remains bid on Thursday, as the US Dollar seems unable to perform any significant recovery.

USD: FOMC holds but Dollar fails to strengthen – MUFG 29 January 2026

The US Dollar has not been able to strengthen further following the FOMC meeting, where the fed funds rate was kept unchanged. The meeting highlighted a change in the labor market description, indicating signs of stabilization.

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Gold Price Forecast: XAU/USD Drops as Risk-Related Assets Receive a Lift

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