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Market Fundamental Analysis by RoboForex

XAUUSD faces a key signal: dovish Fed rhetoric or another blow to gold

Gold continues to correct in anticipation of signals from the Federal Reserve, with prices currently at 4,575 USD.

XAUUSD forecast: key takeaways
  • The core PCE for July rose to 3.7%
  • The market estimates the likelihood of a rate hike in September at around 34%
  • XAUUSD forecast for 28 August 2026: 4,720 and 4,550
Fundamental analysis

The XAUUSD price forecast for today, 28 August 2026, shows that gold continues its corrective wave after reaching its highest levels in more than three months and is testing 4,575 USD.

Today, markets are awaiting Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole. Following recent signals from Fed officials about persistent inflation risks.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.


Sincerely,
The RoboForex Team
 
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