Malaysia Gold price today: Gold falls, according to FXStreet data
$4,300: Gold seems vulnerable near March low as geopolitics and Fed hike bets support USD
Gold rebounds to near $4,350 despite Middle East tensions
Gold prices plunged after a strong U.S. jobs report boosted rate hike odds, Treasury yields, and the dollar, pressuring XAU/USD.
Gold remains under heavy pressure after breaking below a key support zone that held for more than five weeks, with XAU/USD now testing the yearly open at a pivotal technical level. The decline has accelerated in the wake of stronger U.S. economic data and shifting rate expectations, bringing price into a region that could determine whether the selloff extends or begins to stabilize.
Gold extends its bearish breakdown below key support levels and the 200-day moving average, with sellers in control and downside targets now in focus.
United States CFTC Gold NC Net Positions: $176K vs $154.3K
Gold melts down as blowout NFP sends DXY above 100
Strong U.S. job market data triggered a sell-off in precious metals markets.
The gold market fell hard for the week, as interest rates continue to cause issues.
The gold market has been really poor, as the interest rates in the United States have jumped in reaction to the Non-Farm Payroll numbers being almost double what was anticipated.
Metals and mining stocks are consolidating after explosive gains in 2025, which is a normal part of a strong bull market.