Gold remains vulnerable as US-Iran war, Fed rate outlook weigh on sentiment
Gold managed to hold below the resistance at 5227 and earlier today dropped towards the support zone at 4994-5025. As we see over the chart and as long as the market remains above the support of 4994-5025, another advance to attack the resistance zone at 5206-27 will be expected.
Gold: Fading momentum versus Oil and Dollar – BNY
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
Gold declines as inflation-driven USD strength outweighs geopolitical risks
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold is gaining safe-haven demand amid weak U.S. jobs data, rising oil prices, and geopolitical tensions, which are increasing market uncertainty and keeping prices supported above the key $5,000 level.
Gold began the week on the defensive while Dollar strengthened broadly across currency markets, as the Middle East conflict has entered its second week with no meaningful signs of de-escalation. The metal is now showing signs of fragility near 5,000 psychological level, which is significant due to positioning in the options market.