Gold Market Movers: Jul 21 - 27

Every Monday, I drop a weekly rundown of key financial events and data releases that matter for the Gold market. These are the big moves and trends you need to watch to stay ahead in the XAU/USD game.

The calendar structure:

• Date

• Country → Event

• What the event is about

  • 📰 Previous readings, forecasts etc.

  • 🚨 Why it matters

    • 🔴 Negative impact on Gold

    • 🟢 Bullish impact on Gold

    • 🟡 Mixed/neutral impact

TUESDAY, JULY 22

🇦🇺 Reserve Bank of Australia's (RBA) Meeting Minutes

A detailed breakdown of the Reserve Bank of Australia’s (RBA) latest policy discussions, offering insight into future rate decisions.

🚨 Why it matters for Gold

The RBA’s stance on inflation, growth, and rates impacts the Australian dollar (AUD) and global risk sentiment, both of which influence Gold. Australia is also a major Gold producer, so economic shifts can affect supply and demand.

📈 Hawkish tone (pro-rate hikes) → RBA is worried about inflation/ sees strong economic growth

• → 🔴 Higher rates make non-yielding assets like Gold less attractive.

• → 🟢 Stronger AUD vs. USD → Could weaken XAU/USD but also support local Gold demand.

• → 🟡 Inflation fears may drive some safe-haven demand for Gold.

📉 Dovish tone (pro-rate cuts or cautious outlook) → concerns about slowing growth or falling inflation

• → 🟢 Lower rates boost Gold’s appeal as an alternative asset.

• → 🟢 Economic slowdown fears increase safe-haven demand.

• → 🔴 Weaker AUD vs. USD → A stronger USD may lower local demand and pressure Gold prices.

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🇺🇸 (The U.S.) Fed Chair Jerome Powell Speech

Powell’s comments give insight into the Fed’s stance on interest rates, inflation, and economic conditions. Traders watch closely for clues about future rate changes.

🚨 Why it matters for Gold

Gold moves inversely to interest rates—higher rates = bearish for Gold, lower rates = bullish.

📈 Hawkish tone (potential rate hikes) - generally bearish for Gold

• → 🔴 Rates stay high longer to fight inflation → USD & bond yields rise, hurting Gold.

• → 🔴 Strong economic growth reduces safe-haven demand.

• → 🔴 Controlled inflation lowers Gold’s role as an inflation hedge.

📉 Dovish tone (rate cuts or steady rates)

• → 🟢 Rate cuts coming soon → Lower yields make Gold more attractive.

• → 🟢 Economic slowdown/recession fears boost safe-haven demand.

• → 🟢 High inflation, but a cautious Fed → Gold remains an inflation hedge.

WEDNESDAY, JULY 23

🇺🇸 The U.S. Existing Home Sales