Xai USD Price & Performance (XAIUSD)

Gold prices climbed to a new record high of $3,040 per ounce following the Federal Reserve's decision to maintain interest rates at 4.5%. This marks an eight-day winning streak for the precious metal as market participants seek safety amidst economic uncertainties. Analysts suggest gold could reach $3,500 by year-end.123

The US Dollar Index (DXY) continues to struggle below the critical 105.00 level, signaling bearish sentiment. Meanwhile, gold remains a favored safe-haven asset, with prices testing $3,000 per ounce. Analysts note the dollar's weakness despite strong fundamentals, while gold benefits from inflationary concerns and geopolitical risks.145

Gold prices retreated slightly after hitting record highs, with profit-taking emerging near the $3,000 mark. Despite this, market fundamentals remain supportive of further gains as geopolitical tensions and economic uncertainties persist. Analysts highlight $2,940 as a key support level for the metal's ongoing rally.16