Gold Price Forecast: XAU/USD recovers further to near $4,530 amid falling Oil prices
Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-recovers-further-to-near-4-530-amid-falling-oil-prices-202605291143
Published: May 29, 2026 7:43 AM
Gold price (XAU/USD) is up 0.7% to near $4,530 during the European trading session on Friday. The precious metal extends its Thursday’s recovery move, as Oil prices decline due to renewed hopes of a permanent peace deal between the United States (US) and Iran.
Market context: This update is relevant to gold traders, with XAUUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.
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Gold Price Forecast: XAU/USD recovers further to near $4,530 amid falling Oil prices
Published May 29, 2026 7:43 AM
Last refreshed Jul 29, 2026 11:03 AM
Source:
EODHD
Event Time: May 29, 2026 7:43 AM
News data attribution
This market news item includes source data powered by EODHD.