Gold Regains Its Footing. Forecast as of 03.07.2026

Rising expectations of further Fed monetary tightening, elevated Treasury yields, and a stronger US dollar had kept gold under pressure. However, the events in Sintra and the US employment report changed everything. Let's discuss this topic and make a trading plan for XAU/USD.Major Takeaways Gold has regained its footing thanks to the Fed. A weaker US dollar is supportive for XAU/USD. Central bank demand will continue to support the precious metal. A sustained move above $4,170 will provide a bu