The ongoing US-Iran ceasefire amid Iran-Israel tensions allowed gold and silver to focus on technical levels. Gold retested $4,085 pivot zone while silver traded at $62.05.
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
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar
Gold prices are on track for a fourth consecutive monthly decline, yet several indicators suggest bearish momentum may be fading. Extreme seasonality readings, improving futures positioning and resilient options market sentiment all point to the potential for another rebound while support above 4,000 remains intact.
Gold loses ground to near $4,100 as inflation concerns, Fed rate hike bets build
Silver and platinum are also losing ground in today's trading session.