Analysis of the gold (XAU/USD) price rally to $4240/oz, driven by market expectations of US Federal Reserve rate cuts, weaker US economic data (ISM Manufacturing PMI), and geopolitical risk related to Venezuela. The report also provides a technical outlook and a contrarian view on OANDA client sentiment suggesting a potential near-term slide.
03-12-2025 15:13 GMT
by Zain Vawda