Gold Weekly Forecast: Major central banks’ hawkish tone weighs heavily

Gold (XAU/USD) extended its slide into a third consecutive week and lost more than 6%, its worst weekly performance since March 2020, as major central banks adopted a hawkish tone because of the upside risks to inflation posed by rising energy prices. Gold suffered its worst week since March 2020 as major central banks cautioned against inflation risks.The… Gold (XAU/USD) extended its slide into a third consecutive week and lost more than 6%, its worst weekly performance since March 2020, as major central banks adopted a hawkish tone because of the upside risks to inflation posed by rising energy prices. Gold suffered its worst week since March 2020 as major central banks cautioned against inflation risks.The technical outlook highlights a bearish tilt in the near term.Investors will remain focused on energy prices and the major central banks’ policy outlook.  Gold (XAU/USD) extended its slide into a third consecutive week and lost more than 6%, its worst weekly performance since March 2020, as major central banks adopted a hawkish tone because of… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.