Gold (XAU/USD) plunged 5%, surprisingly ignoring the escalating safe-haven demand from the Middle East conflict. The selloff is primarily driven by rising oil prices sparking inflation fears, which led to reduced Fed rate cut expectations and a surging US Dollar. The technical outlook focuses on the $5000/oz retest, will bulls return or not? The price […]The post Gold’s (XAU/USD) $5000 Retest: Rate Cut Fears and Dollar Surge Lead to 5% Selloff appeared first on ActionForex.