Gold and Forex Markets Q1 Outlook: Record-Breaking Prices and Fed's Influence

Gold prices and U.S. equities faced moderate losses at the start of 2024 due to a rally in Treasury yields and a stronger U.S. dollar, influenced by the robust December U.S. jobs report. Market dynamics suggest potential weakening of gold and risk assets, as well as the euro, British pound, and Japanese yen against the U.S. dollar. DailyFX offers Q1 technical and fundamental forecasts for various assets, including currencies, commodities, and cryptocurrencies, to guide trading strategies in the coming months.