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Gold outlook: XAU/USD likely to remain on the defensive

Gold prices eased lower in the first half of Monday's session, even as the US dollar edge lower. Investors have largely looked through the latest military exchanges involving the US and Iran, especially after the two sides have apparently agreed to end days the fighting around the Strait of Hormuz and resume peace talks.
Date: 29.06.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.142450 +0.34695%
GBPUSD 1.325400 +0.50808%
USDJPY 161.940000 +0.12985%
XAUUSD 4021.415000 -1.63806%
USDCAD 1.420670 +0.13533%
NZDUSD 0.565030 +0.32493%
USDCHF 0.807710 -0.22235%
AUDUSD 0.688700 -0.053696%
EURGBP 0.861940 -0.06261%
EURJPY 185.008000 +0.46538%
GBPJPY 214.643000 +0.53348%
AUDJPY 111.528000 -0.055561%
CADJPY 113.986000 +0.034226%
CHFJPY 200.484000 +0.3946%
NZDJPY 91.498000 +0.30806%
GBPCHF 1.070500 +0.17312%
EURCHF 0.922760 +0.11935%
USDMXN 17.502300 +0.018858%
USDZAR 16.415200 +0.0579%
USDTRY 46.632500 +0.18519%
USDRUB 76.992300 -2.38261%
USDSEK 9.714110 -0.21151%
USDCNY 6.784900 -0.18536%

Upcoming Important Events

Time Country Event Forecast Previous
30.06.2026
01:30 NBS Manufacturing PMI (Jun) 50.1 50
01:30 🇦🇺 RBA Meeting Minutes
06:00 🇬🇧 Gross Domestic Product QoQ (Q1) 0.6 0.2
06:45 🇫🇷 Inflation Rate YoY (Jun) 2.1 2.4
09:00 Inflation Rate YoY (Jun) 3.1 3.2
12:00 🇩🇪 CPI MoM (Jun) 0.1 -0.2
12:00 🇩🇪 Inflation Rate YoY (Jun) 2.6 2.6
14:00 🇺🇸 CB Consumer Confidence (Jun) 94.2 93.1
14:00 🇺🇸 JOLTs Job Openings (May) 7.3 7.618
23:50 🇯🇵 Tankan Large Manufacturers Index (Q2) 16 17