
Gold Rises Over 3% on Weaker Dollar
Gold price surged over 3% on Wednesday, driven by sharp fall in the US dollar, on primarily dovish outlook for the Fed monetary policy action.
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Gold price surged over 3% on Wednesday, driven by sharp fall in the US dollar, on primarily dovish outlook for the Fed monetary policy action.

Scott Bessent has a wide and storied career in financial markets, and his experience with macro and currency is top-notch. He was, after all, part of the Quantum team along with George Soros that broke the Bank of England now more than 30 years ago.

The Canadian dollar has fallen nearly 2.8% from its June high, down five of the last six weeks against the U.S. dollar. Michael Boutros, Senior Market Analyst at StoneX, reads the Canadian dollar across the weekly, daily and four-hour charts.

Gold prices rebound as Treasury yields and the dollar fall ahead of FOMC minutes, while Brent near 3-week highs keeps inflation and rate-hike risk alive.

Forex traders watch GBP/USD resistance, a potential USD/CHF bounce, and USD/JPY consolidation as the dollar reaches key inflection points.

XAU/USD price outlook: Gold Spot/US Dollar pressing against 0.618 Arc

Euro rises to June highs as falling US Treasury yields weigh on US Dollar

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 – 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.