Gold has fallen relatively sharply in the first half of today's session. Hardly a surprise, truth be told.
Gold tests its 200-day EMA as rising yields and a potential bearish pattern put $4,325 support in focus.
Gold: CTA liquidation and dip-buying narrative – TD Securities
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]
TL;DR: Gold has broken below $4,300 even as oil surges and tech stocks selloff, because oil-driven inflation risk is feeding a sharply more hawkish Fed outlook that's overpowering haven demand—and whether Dollar Index confirms that same story now hinges on its 99.86 resistance.
Gold starts the week lower as traders await Fed verdict
Gold awaits Fed decision as rising rate hike bets pressure prices
After a modest pullback on Friday, more attacks and increased hostilities over the weekend in the Middle East are keeping supply concerns front and centre and the risk premium on oil high.
Gold: $4,275 sets up a make-or-break test for sellers
Gold managed to hit fast rebound toward 4402 after US CPI last friday while managed to retreat from that zone As we see over the chart market still holding trades above support 4280 which still holding the chance for another advance wave toward 4625 Below 4280 more drops toward 4200-20 is likely A trading zone […]
Ahead of the Fed meeting: Gold remains under pressure
Investors are assessing the latest US inflation data ahead of this week's Federal Reserve meeting. Headline inflation held steady at 3.4% year-on-year in August, in line with expectations, while CPI rose 0.4% month-on-month, marking its fastest increase in three months.