Gold Recovers Breaking the Cycle of Lower Pricing Over the Last Three Weeks

Recent selling pressure in gold has been a result of dollar strength and rising yields in U.S. debt instruments.

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OCBC Bank has revised its Gold forecasts higher to USD5,600/oz by end-2026, up from USD4,800/oz, reflecting recent price increases and persistent structural demand.

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BoC to maintain overnight rate at 2.25% with a cautious tone – TD Securities 28 January 2026

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Gold (XAU/USD) is trading higher for the eighth consecutive day on Wednesday. The precious metal, however, has pulled back from all-time highs at $5,311 in the European session, returning to the mid-$5,200s as investors take positions ahead of the US Federal Reserve’s monetary policy decision.

Gold hits fresh record highs near $5,300 as markets await Fed interest rate decision 28 January 2026

Gold (XAU/USD) pushes deeper into uncharted territory on Wednesday, extending its gains for eight consecutive days as safe-haven demand and a softer US Dollar (USD) fuel the ongoing rally.

United States MBA Mortgage Applications dipped from previous 14.1% to -8.5% in January 23 28 January 2026

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Federal Reserve set to hold interest rates amid solid growth, persistent inflation 28 January 2026

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday. Markets widely expect the US central bank to keep the policy rate unchanged in the range of 3.5%-3.75%.

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NZD/USD halts its bullish momentum and trades around 0.6030 on Wednesday at the time of writing, down 0.20% on the day.

USD/JPY remains depressed below 153.00 with the Fed’s decision on tap 28 January 2026

The Yen holds gains despite the moderate US Dollar recovery on Wednesday. The USD/JPY remains capped below the 153.00 level, trading at 152.45 at the time of writing, with three-week lows at 152.16 at a short distance ahead of the US Federal Reserve’s (Fed) monetary policy decision.

Pound Sterling Price News and Forecast: GBP/USD retreats to 1.3780 area with markets bracing 28 January 2026

The Pound is trimming gains against the US Dollar on Wednesday, trading a few pips above 1.3780 at the time of writing, down from its highest levels in more than 4 years, at 1.3868.

CAD: Interest rate stability expected – Commerzbank 28 January 2026

Commerzbank's report, written by Michael Pfister, indicates that the Bank of Canada is unlikely to change interest rates in the near term. The Canadian economy is slowly recovering, and inflation pressures are rising.

USD: President Trump gives thumbs up – BBH 28 January 2026

The Dollar has recently faced significant downward pressure, with President Trump expressing indifference to its decline, stating, "The dollar’s doing great." Brown Brothers Harriman (BBH) analysts note that the USD has undershot levels implied by rate differentials, with various structural drags co

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Gold Recovers Breaking the Cycle of Lower Pricing Over the Last Three Weeks

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