Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold benefits from weak USD; eyes $4,450 as focus remains on US CPI data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold failed to surpass $4,700 and corrected gains against the US Dollar. The price dipped below $4,500 before the bulls appeared near $4,280.
$4,465: Gold looks to regain 21-day SMA amid sustained USD weakness
Gold declines to near $4,400 as robust US jobs data lifts Fed hike odds
Gold bulls flinch as NFP puts Fed hawks back in the driver's seat
Gold is losing ground as probability of a Fed hike increased after strong Non Farm Payrolls data.
The trading week is getting underway and, for now, gold has struggled to maintain the strength that characterized its performance in previous weeks. Average price action over the last two sessions shows a decline of roughly 1.5%, reflecting a loss of momentum that has started to highlight a more neutral market environment.
Gold: Bull market conviction broadens – Societe Generale
Gold remains fairly neutral as stronger US employment data boosts rate-hike expectations and puts renewed focus on Treasury yields. With price sitting just above the 50-day and 200-day EMAs, US CPI could be the critical event ahead of next week's Fed meeting.