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Gold Slammed Down 10%, XAU/USD Grasps for Support at 4500

The catalyst event for the rally in gold was notable, as it was a comment from Austan Goolsbee in February of 2024 that showed that the Fed was looking to cut rates even though inflation remained high. At the time, gold was still working to confirm it's rally above the $2k level, and there were two days in 2024 where spot gold actually closed below that line in the sand.
Date: 21.03.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.160200 +0.11097%
GBPUSD 1.333590 -0.69977%
USDJPY 159.220000 +0.92354%
XAUUSD 4497.447700 -3.29567%
USDCAD 1.370320 -0.25741%
NZDUSD 0.583810 -0.6086%
USDCHF 0.787800 -0.044408%
AUDUSD 0.702380 -0.88263%
EURGBP 0.867240 +0.57872%
EURJPY 184.248000 +0.80646%
GBPJPY 212.675460 +0.35554%
AUDJPY 111.828000 +0.002683%
CADJPY 116.000000 +1.01186%
CHFJPY 202.050000 +0.99167%
NZDJPY 92.954080 +0.38238%
GBPCHF 1.051460 -0.73182%
EURCHF 0.911900 -0.14134%
USDMXN 17.884720 +1.00217%
USDZAR 17.003400 +1.61597%
USDTRY 44.285630 +0.096582%
USDRUB 83.050000 -3.59591%
USDSEK 9.331800 +0.64702%
USDCNY 6.886310 -0.18833%

Upcoming Important Events

Time Country Event Forecast Previous
23.03.2026
23:30 🇯🇵 Inflation Rate YoY (Feb) 1.3 1.5
24.03.2026
08:30 🇩🇪 Manufacturing PMI (Mar) 50.7 50.9
08:30 🇩🇪 S&P Global Manufacturing PMI (Mar) 49.8 50.9
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00:30 🇦🇺 CPI (Feb) 101.4 101.33
00:30 🇦🇺 CPI MoM (Feb) 0.3 0.3
00:30 🇦🇺 CPI YoY (Feb) 3.6 3.6