The gold market fell hard for the week, as interest rates continue to cause issues.
The gold market has been really poor, as the interest rates in the United States have jumped in reaction to the Non-Farm Payroll numbers being almost double what was anticipated.
Metals and mining stocks are consolidating after explosive gains in 2025, which is a normal part of a strong bull market.
Gold: Demand mix shifts as investment rises – Commerzbank
Gold steadies as traders await US NFP for clues on the Fed next move
Gold trades near its 200-day average as traders await NFP data. Weak jobs could fuel a gold rally, but elevated oil prices may limit gains.
Gold edges lower on Middle East tensions ahead of key US employment report
The ongoing US-Iran ceasefire allowed gold and silver to react to technical breakdowns. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $72.73.
South Africa Net $Gold & Forex Reserve: $73.467B (May) vs previous $73.757B
South Africa Gross $Gold & Forex Reserve down to $76.58B in May from previous $77.09B
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data