Gold (XAUUSD) continues to trade lower as the bearish sequence remains active. The decline from the recent peak is unfolding in a clear impulsive structure, which shows sellers still control the trend.
Global markets are in the rare situation where both gold (XAU) and Bitcoin (BTC) are moving lower despite increasing geopolitical tensions. The escalation in the Middle East and surge in oil prices would normally support safe haven assets.
Gold (XAUUSD) surges as Middle East tensions spark safe-haven buying, while a strong USD weighs on Silver. Can XAU hold $4,634 amidst rising US-Iran conflict?
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
Pakistan Gold price today: Gold rises, according to FXStreet data
Gold's steep selloff is showing signs of stabilization near 4,500 level after a disorderly decline yesterday, driven largely by liquidity squeeze. While hawkish signals from major central banks this week, including Fed, ECB, BoE and even BoJ, provided the initial pressure, the magnitude of the drop points to a market dislocation rather than a purely fundamental repricing.
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Geopolitical tensions in the Middle East remained elevated, with Iran launching a fresh barrage of missiles toward Israel, while Israeli forces reportedly targeted Iranian regime infrastructure in Tehran. Regional spillover risks were evident, with Saudi Arabia confirming its air defences intercepted multiple drones in the Eastern Province, while Kuwait and Bahrain also activated systems in response to incoming threats.
Gold and silver came under pressure as rising US Treasury yields and inflation fears triggered a sell-off, with both metals now testing key support levels that will determine their next move.