United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold remains heavily offered, eyes YTD low amid hawkish central banks
With war breaking out in the Middle East and an energy crisis ongoing, global economic uncertainty has been through the roof these days. So why has gold been crashing?
Gold falls to near $4,450 as inflation fears and rate hike prospects weigh on demand
The catalyst event for the rally in gold was notable, as it was a comment from Austan Goolsbee in February of 2024 that showed that the Fed was looking to cut rates even though inflation remained high. At the time, gold was still working to confirm it's rally above the $2k level, and there were two days in 2024 where spot gold actually closed below that line in the sand.
Gold weakens near key support as selling pressure builds, with a breakdown below critical levels signaling potential for a deeper correction toward lower technical targets.
United States CFTC Gold NC Net Positions: $159.9K vs previous $163.1K
Gold slips near $4,500 as Oil rally and US yields weigh on bullion
Silver markets are down by 4% as traders focus on rising Treasury yields.