
ECB policy, Fed expectations and resilient central bank demand shape the outlook for gold and silver. Explore today's XAUUSD and XAGUSD forecast.

Gold declined in early Asian trade. The dollar's rebound this week has caught up with the yellow metal, XM said.

Although gold continues to struggle near $4,000, support is holding, and retail investors are showing little sign of capitulation, according to one market expert, who said the current selling reflects disciplined profit-taking rather than financial distress.

Gold's bullish reversal setup faces its first key test as support holds, while a breakout above $4,203–$4,240 could confirm a broader trend reversal.

The gold market continues to struggle to hold gains above $4,100 an ounce, and although prices are consolidating at a critical support level, one major gold investor is not giving up on the rally anytime soon.

The Iran war continues to impact the gold purchases and sales of central banks and state entities, destabilizing one of the pillars of the multi-year gold rally.On Thursday, the State Oil Fund of Azerbaijan (SOFAZ) announced that they had suspended selling gold in the second quarter of 2026. The fund's gold reserves totaled 178.1 tons as of the end of June, with the yellow metal representing a 31.4% share of SOFAZ's investment portfolio.

Gold prices are at session lows on Thursday morning following the release of better than expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists' forecasts.

Hong Kong-listed AGTech Holdings said on Thursday that its unit inked a technical service agreement with Hong Kong Gold Exchange (HKGX) to develop an electronic trading, clearing and settlement platform.
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