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Gold Price Forecast: Prices Targeting $4,000 in July Before Bottoming

Metals and mining stocks are consolidating after explosive gains in 2025, which is a normal part of a strong bull market.
Date: 29.05.2026  |  Source: fxempire.com
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Instrument Price Change (%)
EURUSD 1.164770 -0.017168%
GBPUSD 1.343970 -0.02901%
USDJPY 159.307000 +0.056527%
XAUUSD 4540.555000 +0.99492%
USDCAD 1.380080 +0.13205%
NZDUSD 0.598270 +0.8173%
USDCHF 0.782440 -0.15313%
AUDUSD 0.718250 +0.28203%
EURGBP 0.866620 +0.018466%
EURJPY 185.558000 +0.058237%
GBPJPY 214.106000 +0.064496%
AUDJPY 114.420000 +0.38075%
CADJPY 115.439000 -0.013858%
CHFJPY 203.596000 +0.20622%
NZDJPY 95.298000 +0.97159%
GBPCHF 1.051560 -0.15098%
EURCHF 0.911360 -0.18181%
USDMXN 17.388620 +0.52968%
USDZAR 16.231010 -0.12424%
USDTRY 45.887740 +0.075218%
USDRUB 71.060600 -0.041356%
USDSEK 9.254300 +0.10601%
USDCNY 6.765700 -0.19767%

Upcoming Important Events

Time Country Event Forecast Previous
31.05.2026
01:30 NBS Manufacturing PMI (May) 50 50.3
01.06.2026
01:45 S&P Global Manufacturing PMI (May) 51.4 52.2
14:00 🇺🇸 ISM Manufacturing PMI (May) 52.6 52.7
02.06.2026
14:00 🇺🇸 JOLTs Job Openings (Apr) 6.8 6.866
03.06.2026
01:30 🇦🇺 GDP Growth Rate QoQ (Q1) 0.5 0.8
14:00 🇺🇸 ISM Non-Manufacturing PMI (May) 53.6 53.6
14:00 🇺🇸 ISM Non-Manufacturing Prices (May) 70.7
14:00 🇺🇸 ISM Services PMI (May) 53.6 53.6
04.06.2026
01:30 🇦🇺 Balance of Trade (Apr) 1.5 -1.841
05.06.2026
10:30 GDP Growth Rate YoY (Q1) 7.3 7.8