Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
25 October 2022 | Other

Growing pressure on gold has brought the price of the metal closer to $1,650

Gold

Gold prices are under pressure near key support levels since the dollar managed to stabilize after recent losses.

Both gold and the US dollar stayed within the tight trading ranges seen recently amid growing uncertainty over the course of US monetary policy. While hopes for a potential dovish tilt by the Federal Reserve somewhat impacted gold prices last week, markets are still looking to the Federal Reserve to hike 75 basis points in November with a high probability.

Gold has been particularly impacted this year by rising US interest rates as the opportunity cost of owning gold rose. This year, gold has definitely lost its appeal as an inflation hedge and safe haven.

The pressure on metal prices is expected to continue in the near future if US interest rates continue to rise.



Company MarketCheese

Recommended

United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 266.7K to 252.9K
Yesterday at 10:17 AM
South Africa. Gold Production (YoY). The value of the indicator has increased from -3.6% to 5.9%
13 November
United States. Fed Interest Rate Decision. The value of the indicator has decreased from 4.25% to 4%
29 October
Japan. Manufacturing PMI. The value of the indicator has increased from 48.2 to 48.8
1 minute ago
Japan. Trade Balance. The value of the indicator has increased from ¥-234.6B to ¥-231.8B
41 minutes ago
Top news
United States. Nonfarm Payrolls. The value of the indicator has increased from -4K to 119K
Yesterday at 1:30 PM
United States. Unemployment Rate. The value of the indicator has increased from 4.3% to 4.4%
Yesterday at 1:30 PM
United States. Trade Balance. The value of the indicator has increased from $-78.2B to $-59.6B
19 November
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.2%
19 November
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.2%
14 November
All news

Forecasts

ETHUSD sell
Period: 05.12.2025 Expectation: 30000 pips
Chances for ETHUSD rebound increase near $2,700
Chart analysis Indicators Hot news
Yesterday at 12:27 PM 24
John_Bullard
Natural gas buy
Period: 27.11.2025 Expectation: 437 pips
Buying natural gas amid seasonal demand peak
FA Other TA Other Technical analysis Indicators Fundamental analysis
Yesterday at 10:50 AM 24
Lyra_Moonwell1
Brent sell
Period: 15.12.2025 Expectation: 150 pips
Selling Brent from resistance at $64.4
FA Other Chart analysis
Yesterday at 07:40 AM 25
McCarthy_Raymond
USDJPY buy
Period: 27.11.2025 Expectation: 270 pips
Buying USDJPY amid fiscal risks and weaker yen
FA Other Technical analysis Indicators Hot news Fundamental analysis
Yesterday at 06:46 AM 37
Emily_Foster
NVIDIA Corporation sell
Period: 25.11.2025 Expectation: 1200 pips
NVIDIA’s quarterly report may send its shares down to $170
Indicators and reports Chart analysis Indicators
19 November 2025 53
John_Bullard
USDCAD buy
Period: 26.11.2025 Expectation: 1050 pips
USDCAD hovers near lower boundary of ascending channel
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
19 November 2025 39
Lyra_Moonwell1
Go to forecasts