
Pound Sterling Price News and Forecast: GBP/USD more upside expected above 1.3570
Pound Sterling Price News and Forecast: GBP/USD more upside expected above 1.3570
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Pound Sterling Price News and Forecast: GBP/USD more upside expected above 1.3570

Gold finds support as US Dollar retreats ahead of Fed Minutes

Silver has rebounded to $63, but inflationary risks hold buyers back

Gold Price Forecast: XAU/USD bounces to $4,370, but upside momentum is fading

GBP/USD Price Forecast: More upside expected above 1.3570

Gold has more to offer
![Gold – Drop ahead?[Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787138014-f2f1101746870453.webp)
Gold – Drop ahead?[Video]

USD/JPY held around 159.53, with the Japanese yen trading sideways for more than a week. The currency has lost approximately half of the gains made following the joint intervention by Tokyo and Washington at the end of July.
![Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787138012-90b63cd03f4cbdc8.webp)
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]

The new Fed Chair wants the markets to do the central bank's job for him. If the number of supporters of his position increases, the chances of a rate hike in 2026 will fall, weakening the greenback.

Silver has had one of its strongest months in years, but this week's price action shows just how fragile precious metals rallies can be when bond markets get nervous. The metal surged nearly 10% last week after July's Non-Farm Payrolls badly missed expectations, printing a loss of 23,000 jobs, prompting markets to price out any chance of a September Fed hike and reviving safe-haven demand.

GBP/USD could recover if UK inflation revives Bank of England rate hike bets, although geopolitical risk may keep the US Dollar supported. The Pound US Dollar (GBP/USD) exchange rate softened on Tuesday, as a deteriorating market mood underpinned demand for safe-haven assets.

The Pound-Australian Dollar could recover if UK inflation revives BoE rate hike bets, while softer Australian wage growth may weigh on the Aussie. The Pound to Australian Dollar (GBP/AUD) exchange rate was subdued on Tuesday as markets digested the UK's latest employment figures.

The Euro-Dollar is struggling to clear 1.1630, with MUFG warning the EUR/USD looks overvalued as European gas and growth risks build. The Euro to Dollar (EUR/USD) exchange rate has climbed back towards 1.1600, but the move is starting to look less convincing once valuation and Europe's energy exposure are brought into the.

Silver price today: Silver falls, according to FXStreet data