XAF/USD Price & Performance (XAFUSD)

Gold prices remain strong, trading above $3,000 per ounce as investors await the Federal Reserve's next move. The metal reached a peak of $3,045.44 last week, supported by expectations of rate stability and ongoing inflation fears. Analysts suggest further gains are possible, especially with continued stock market weakness.12

The US Dollar Index struggles to recover from recent lows, while gold prices maintain upward movement. The DXY remains below the critical 105.00 level, signaling bearish sentiment. Meanwhile, gold has surged past $3,000, benefiting from safe-haven demand amid geopolitical and economic uncertainties.3

Gold's rally shows no signs of slowing, with some experts forecasting prices could climb as high as $4,000 by next year. The metal's recent strength is fueled by falling cryptocurrency markets, stock declines, and inflation concerns. Investors are increasingly turning to gold as a hedge against economic instability.24