Gold Weekly Price Rejected at $4,700 as $4,500 Support Looms
FX Empire·2026-08-29 01:23

Interest Rates and Key Support LevelsThe question now is going to be about interest rates. Interest rates, of course, rallied and rose after that speech, putting a little bit of pressure on the gold market.I think we’re going to have to see how the weekend pans out, but it would not take much for the market to fall apart here for a little bit. A longer-term breakdown is a completely different story, though. It’s really not until we break down below $4,000 that we are now a negative trend.Short-term pullback ...

Gold Weekly Price Rejected at $4,700 as $4,500 Support Looms - Reportify