XAU/AUD Price & Performance (XAUAUD)

Gold prices have retreated slightly from their recent record high of $3,005 as investors assess upcoming US inflation data. The Consumer Price Index (CPI) release later this week is expected to impact market sentiment, with higher inflation potentially supporting gold as a safe-haven asset amidst economic uncertainties.123

Gold remains supported above $3,000 due to geopolitical tensions, including escalations in the Middle East and US trade tariff uncertainties. Investors are closely watching central bank actions, particularly the Federal Reserve's upcoming policy decision, which could influence gold's trajectory amid heightened global risks.453

Gold prices have surged to new highs, driven by safe-haven demand amidst escalating geopolitical tensions and trade disputes. Central bank purchases, led by China, have further bolstered demand. Market attention now shifts to the Federal Reserve's policy outlook and its potential impact on gold's momentum.63