Gold price today forecast despite short-term pressure

Despite short-term pressure, hedge funds maintain net-long positions in COMEX gold futures, suggesting medium-term bullish sentiment. Triple Flag Precious Metals Corp. is a leading precious metals streaming and royalty company, providing investors with exposure to gold and silver production without the risks and costs of directly operating mines. Its business model focuses on long-life, high-quality assets with counterparties that are some of the strongest operators in the mining industry. This gives the company stable cash flows, strong margins, and leverage to rising metals prices—all while maintaining a lower risk profile than traditional miners. The Federal Reserve finds itself in an increasingly difficult position. Inflation has held steady at 2.7% annually as of the latest report, while the job market shows clear signs of distress. Fed Chair Jerome Powell has signaled that the central bank is open to reducing rates at its September meeting, citing risks to the labor market. Lower interest rates traditionally benefit gold , since the precious metal doesn't offer a yield and becomes more attractive when cash and bonds pay less. Gold price today forecast observes that Asian markets opened with gold steady around $2,327, supported by Chinese yuan weakness. Shanghai Gold Exchange premiums remain elevated, signaling strong retail demand in China.