Gold News: Bullish Momentum Builds with DXY Weakness and August Tariff Countdown

Fed Policy, Economic Data, and Tariff Clock Set the Stage

This week’s U.S. data calendar is light, but key readings—June’s leading indicators (Monday), Powell’s speech (Tuesday), home sales (Wednesday), and durable goods orders (Friday)—could shift sentiment. Meanwhile, the tariff deadline looms large, with global investors eyeing U.S.-EU developments and potential disruptions to trade.

Market Forecast: Cautious Bullish Tilt in Gold as DXY Faces Pressure

The current environment favors continued gold strength, particularly if the Fed signals a pivot or if U.S. economic data underwhelms. DXY weakness, falling yields, and tariff uncertainties all provide tailwinds.

Unless the dollar finds support from strong U.S. data or hawkish Fed language, gold may attempt a breakout toward $3450, reinforcing downside risk for the DXY.

More Information in our Economic Calendar.