Gold prices are moving lower as traders worry that Fed will raise rates at the next meeting.
Gold price forecast: XAU/USD holds around $4,400, but for how long?
Gold remains caught near $4,450, with the 50-day EMA offering support and $4,500 limiting upside momentum. CPI, central bank policy and geopolitical risks could determine whether the tight market finally breaks directionally.
Gold: Fed inflation focus and volatility risk – Commerzbank
Gold reverses early gains as US Dollar rebounds, Oil prices rise
The US dollar has been falling for four of the last five consecutive days. Investors expect the ECB to tighten monetary policy at its next meeting, with signals from Christine Lagarde that the cycle will continue.
Gold Price Forecast: XAU/USD dips below $4,400 as Middle East tensions grow
Gold still holds below the resistance of 4440-60 which adds pressure to the market. As we see over the chart, the Intraday levels show resistance at the 4440-60 zone, where as long as the market hold below it, the drop pressure could sustain with supports at 4365 and 4280.
Oil and Gold: Price review for the week ahead
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data