Malaysia Gold price today: Gold falls, according to FXStreet data
Gold hangs near YTD low, below $4,000 as Iran risks and Fed hike bets bolster USD
Gold is attempting to establish a short-term bottom after testing key support, with a bullish hammer setup and breakout levels offering the first signs of recovery.
Gold rises above $4,000 yet poised for an 11% monthly loss
Gold and silver are moving higher despite stronger dollar and rising Treasury yields.
Dollar strength continues to pressure crude oil and gold as both assets approach defining support levels near $69 and 3,930, respectively, while inflation implications continue to linger.
Gold: Deep quarterly loss on Fed repricing – Commerzbank
Gold Price Forecast: XAU/USD struggles around $4,000, near YTD lows
Gold steadies after sliding to fresh seven-month low, Fed rate-hike bets weigh
The US dollar rose after a three-day decline, thanks to growing investor confidence in the Fed's independence, anticipation of Kevin Warsh's speech in Sintra, Portugal, and the realisation that the situation in the Middle East must be taken seriously. The US is attempting to de-escalate the conflict and has announced talks, but Iran insists on maintaining control over the Strait of Hormuz.
Gold: Deeper pullback eyes October lows – Societe Generale
Gold prices fell below 4,000 USD per troy ounce on Tuesday, reaching their lowest level in nearly eight months. The precious metal remains under pressure amid expectations of further Federal Reserve tightening and ongoing uncertainty over the Middle East situation.