Here is the update on XAUUSD news today, February 26, 2024. Gold prices have risen over the past three weeks due to geopolitical tensions and a weakening US dollar. However, it remains difficult to strengthen due to speculation that the Federal Reserve will maintain high interest rates for longer. Market participants have adjusted expectations after US economic data exceeded forecasts, and a hawkish outlook supports US Treasury yields. Gold prices are affected by pressure from a strong USD, but safe-haven support remains due to the risk of conflict in the Middle East and the Russia-Ukraine war.

Gold prices increased due to the weakening US dollar and uncertainty surrounding the Fed's interest rate cut policy. The January FOMC minutes showed caution regarding interest rate cuts. US Treasury yields continue to be influenced by the Fed's hawkish outlook. Investors remain concerned about geopolitical risks in the Middle East and Russia-Ukraine. Military action plans by Israel and Russia, as well as Houthi attacks in Yemen and preparations for a Russian attack in Ukraine, have heightened tensions. The Ukrainian president has expressed readiness. Investors are waiting for US economic data this week for guidance on Fed policy.


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The analysis “XAUUSD Today: February 26, 2024 - US Dollar Prevails, Gold Prices Hit!” is based on perspectives from fundamental and technical analysis from trusted sources and does not constitute advice or solicitation. Always remember that this content aims to enrich readers' information. Always conduct independent research regarding other forex information as a reference for your trading.

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