Gold (XAUUSD) and Silver Price Forecast: How Inflation, Jobs Data, and Tariffs Will Impact Precious Metals This Week
Key Points:Gold retreats after a two-day rally as the U.S. Dollar rebounds, but macro risks keep safe-haven demand intact.July U.S. jobs data missed expectations with just 73K jobs added, lifting odds of a Fed rate cut to 64% by November.Trump’s new 35% tariffs fuel safe-haven interest in gold and silver, adding to market uncertainty.Market OverviewGold prices edged lower during the Asian session on Monday, retreating after a two-day climb as the U.S. Dollar showed renewed strength. The mild pul