Gold Price Forecast: XAU/USD slides to $4,700 ahead of US...

Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data

Published May 12, 2026 7:26 AM Last refreshed Jul 29, 2026 11:03 AM Source: EODHD Event Time: May 12, 2026 7:26 AM

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Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data

Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-slides-to-4-700-ahead-of-us-cpi-data-202605121126
Published: May 12, 2026 7:26 AM

Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day.

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.