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
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold rebounds as safe-haven flows counter inflation-driven Fed rate concerns
Gold falls below $5,100 as rising oil prices stoke inflation concerns
Spot gold faces potential downside as a bear flag and rising wedge breakdown suggest testing support between $4,592 and $4,402, with key moving averages in play.
Gold's safe-haven appeal faltered on Thursday as the precious metal slipped alongside equities, even as geopolitical risks in the Middle East intensified. Meanwhile, crude oil volatility surged, with Brent and WTI jumping sharply on fears that the conflict could disrupt global energy supply routes.
Gold price holds near a key pivot as dollar strength, rising yields, and delayed Fed rate cuts cap the gold rally while oil prices emerge as the key driver.
Gold prices are moving lower as traders bet on hawkish Fed and worry about rising oil prices.