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
$4,300: Gold seems vulnerable near March low as geopolitics and Fed hike bets support USD
Gold rebounds to near $4,350 despite Middle East tensions
Gold prices plunged after a strong U.S. jobs report boosted rate hike odds, Treasury yields, and the dollar, pressuring XAU/USD.
Gold remains under heavy pressure after breaking below a key support zone that held for more than five weeks, with XAU/USD now testing the yearly open at a pivotal technical level. The decline has accelerated in the wake of stronger U.S. economic data and shifting rate expectations, bringing price into a region that could determine whether the selloff extends or begins to stabilize.
Gold extends its bearish breakdown below key support levels and the 200-day moving average, with sellers in control and downside targets now in focus.
United States CFTC Gold NC Net Positions: $176K vs $154.3K
Gold melts down as blowout NFP sends DXY above 100
Strong U.S. job market data triggered a sell-off in precious metals markets.
The gold market fell hard for the week, as interest rates continue to cause issues.