XAUUSD: Dollar Rally Pressures Gold at Key Support Levels, May 15, 2026
Over the past three trading days, XAUUSD (Gold vs USD) has experienced significant volatility, falling from highs near 4715 down to a close around 4650 yesterday, marking notable declines. The market mood has been driven by a four-day dollar rally fueled by hotter-than-expected US inflation data, which has dimmed hopes for Fed rate cuts. This strong USD trend pressured gold prices, causing investors to reduce gold holdings amid diminished safe-haven appeal. For typical investors, this signals the need to watch whether gold can hold key support levels, which will affect confidence in gold as a portfolio asset. The coming days will be crucial for gold’s price direction.

