XAU/USD Falls Below $1,800, as DXY Corrects Before Fed Minutes

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

XAU/USD revisits its in-day low of $1,795 while a stronger USD burdens major assets during the Tokyo session. Additionally, poor sentiment from China combined with the Forex market’s cautious mood before the FOMC gathering.  This gathering further pushed the USD recently.

The USD is recovering near 105.75 as the risk-aversion current supports the haven demand for the USD. Also, strengthening the USD is the Fed’s policymakers’ reluctance to acknowledge the recent milder inflation and economic worries from Europe and China.

Lately, China’s Retail Sales regressed to 2.7% last month, against the 5% anticipated and the 3.1%. At the same time, Industrial Production fell to 3.8% from 3.9% before and 4.6% market prediction. During last week inflation in China reduced for last month (July). Subsequently, this pushed the POBC to reduce the annual Medium Loaning Facility rate by 10bps. The fact that China is the biggest XAU/USD User makes Gold’s price susceptible to news about China.

XAU/USD Falls Below $1,800, as DXY Corrects Before Fed Minutes

More XAU/USD Price Factors

Also, the news United States lawmakers are visiting Taiwan, following what happened after Pelosi visited Taiwan, sparked anxieties of tension between the United States and China. And this is likely to affect the XAU/USD price.

Somewhere else, milder figures of the United States CPI, as well as the PPI, somehow eased market inflation worries. Also, Richmond Fed Bank President Thomas Barkin disclosed on Friday that he intends increasing interest rates to further curb inflation.

The United States ten-year Treasury stays pressured near 2.83 after publishing weekly losses last Friday. Also, the S&P 500 recorded 0.25% in-day losses, and at the same time, Japan’s Nikkei 226 rose by 2.68% in one day.

Going by all this fatalist, XAU/USD traders might want to wait for the Federal Reserve minute for clearer guidance. Nevertheless, today’s New York Empire State Production Index for this month (August), anticipated at 8.5 against 1.1 before, is likely to supply instant directions.

You can purchase Lucky Block here.  Buy LBlock


  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *