GBP/XAU Price & Performance (GBPXAU)

The British pound is trading near a two-week low at $1.2913, as traders brace for the UK’s spring statement. Expectations of spending cuts to meet fiscal rules have weighed on sentiment. Analysts warn that such measures could pose economic risks, further dampening investor confidence in the currency.12

Gold remains below $3,030 per ounce, facing headwinds from a stronger US dollar and mixed economic data. While geopolitical tensions and tariff concerns could provide support, the metal’s inability to breach key resistance highlights market uncertainty. Analysts are closely watching for a potential pullback to $2,940.345

The US dollar has climbed to a three-week high, bolstered by ongoing tariff discussions and resilient economic indicators. Safe-haven demand has also contributed to its rise, as global markets grapple with trade uncertainties. Analysts suggest the dollar may maintain its upward trajectory if economic risks persist.526