Gold is under sustained pressure from a hawkish Fed repricing, a firm dollar, persistently high real yields, and ongoing ETF outflows, with the intraday and daily trend both pointing lower and today's US Flash PMI release the final scheduled macro event capable of moving the session.
Edition 2026-07-24 · prediction window to Fri 24 Jul 2026 21:00 UTC (22:00 BST)
Catalyst: Thursday's jobless claims (187K vs 212K consensus, lowest since 1969) delivered a hawkish shock that pushed gold to session lows. The ECB held rates steady at 2.25% with hawkish-leaning language on energy-driven inflation. Today's live catalyst is the US Flash Manufacturing and Services PMI at 13:45 GMT — the last major scheduled event before the July 29 FOMC.
Data: yahoo
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