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Gold prices are moving closer to record territory as softer U.S. economic data and increasingly dovish signals from the Federal Reserve reinforce expectations of monetary easing, according to market analysis published by Exness.
The broker said the combination has supported renewed demand for safe-haven assets, pushing XAU/USD higher in recent sessions.
Exness notes that weaker U.S. macroeconomic indicators have strengthened market conviction that the Federal Reserve may adopt a more accommodative policy stance. Recent remarks from Fed officials, interpreted as dovish by investors, have added to expectations of lower interest rates ahead. As real yields ease, the opportunity cost of holding non-yielding assets such as gold declines, supporting prices.
Against this backdrop, gold has continued its upward trajectory, trading toward the record high area near $4,345 per ounce. Exness highlighted that the metal remains firmly supported within a $4,285–$4,345 range, reflecting sustained bullish momentum.
From a technical perspective, Exness said gold is holding above key exponential moving averages (EMAs), a signal that the prevailing uptrend remains intact. The broker added that as long as prices stay within the current consolidation zone, upside potential remains in focus.
A decisive break above $4,345 could open the door for a move toward the next resistance level near $4,406, Exness said. However, the firm cautioned that traders should remain mindful of volatility around major economic releases and Fed communications, which could trigger short-term pullbacks.
Exness is a global multi-asset broker offering access to forex, metals, indices, energies, cryptocurrencies, and equities. Known for deep liquidity, fast execution, and transparent pricing, the company provides trading via industry-standard platforms and proprietary solutions.
How traders can get started with Exness:
1. Register a trading account
2. Complete identity verification
3. Fund the account
4. Access market analysis and trade available instruments
As expectations for policy easing build toward year-end, Exness said gold is likely to remain sensitive to U.S. data and central bank guidance, keeping the metal firmly on traders’ radar.
Read also Exness review: Pound steadies amid weak UK retail data.