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Gold and Silver Price Forecast: Dollar Rally Puts Key Support at Risk
FX Empire· 2026-06-24 11:35
U.S.-Iran peace talks are also creating mixed signals for the gold market. President Trump said Iran had agreed to long-term nuclear inspections, but Tehran denies it had made that concession. This raises doubts concerning the peace agreement. But the market is focusing more on the strong US dollar and higher rate expectations for the time being. This is why demand for the safe haven has not been sufficient to counter the downtrend in gold. Gold (XAUUSD) continued to drop on Wednesday as U.S. dollar index c ...