Gold Price Forecast: XAU/USD crumbles as Gulf war escalates; is a turnaround coming?

Gold is down roughly 3% in Monday’s Asian trades, extending the previous week’s more than 10% loss as multiple support levels crumble.   Gold keeps falling as a new week sets in, hitting two-month lows below $4,350.The US Dollar gains traction with US Treasury yields as Middle East war spurs inflation fears and rate hike bets.Gold cracks the February… Gold is down roughly 3% in Monday’s Asian trades, extending the previous week’s more than 10% loss as multiple support levels crumble.   Gold keeps falling as a new week sets in, hitting two-month lows below $4,350.The US Dollar gains traction with US Treasury yields as Middle East war spurs inflation fears and rate hike bets.Gold cracks the February 2 low of $4,402, but oversold RSI warrants caution for sellers.Gold is down roughly 3% in Monday’s Asian trades, extending the previous week’s more than 10% loss as multiple support levels crumble.  Gold: Gulf war… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.