Gold price heads for weekly loss as DXY surges above 100.00
Gold (XAU/USD) is under pressure as US dollar gains strength, pushing rate cut bets lower amid Middle East conflict and rising inflation concerns. The upcoming FOMC meeting could signal a delay in 2026 rate cuts, which would weigh heavily on Gold.
Gold's bearish momentum continues after a wedge breakdown, with a bear flag forming; key support zones between $4,550 and $4,402 will indicate whether downward targets are reached.
United States CFTC Gold NC Net Positions climbed from previous $160.1K to $163.1K
Demand for precious metals declined as traders focused on U.S. dollar's rally.
Escalating tensions with Iran, the risk of $200-per-barrel oil, and a breakout in Treasury yields are converging to create the conditions for gold's next major bull run. Here's what every precious metals investor needs to watch.
Gold remains volatile but bullish overall, with $5,000 acting as key support and $5,350 as the upside target if buyers step back in near the 50-day EMA.
Gold continues to see buyers on dips as the massive amount of headline shocks out there continues to make gold interesting as the fear trade comes and goes day to day.
Gold struggles as Oil-driven inflation fears weigh on global interest rate outlook
Geopolitical tensions push Gold to $5,120 while Silver tests a key triangle. Will the PCE data spark a breakout or a deep correction?
Gold hit the target of 5060. As we see from the Intraday chart, the market is facing resistance around 5125-35, where as long as prices hold below it, another drop will be expected as support at 5030-40 could keep the chance for another advance.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data