Gold Price Forecast: XAU/USD approaches $4.500 amid US Dollar's weakness
Gold prices rose to 4,472 USD per troy ounce on Thursday. Despite the modest rebound, the precious metal is still attempting to recover from a weekly decline of nearly 2%.
Gold rebounded to test a downtrend channel resistance around the 4480-96 zone. As long as the market holds below this resistance, the downtrend pressure could return towards 4360.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold slumps to near $4,450 as strong US jobs data reinforce higher-rate bets
The trading session has not been favorable for gold. The metal is down more than 1.00% on the day and has moved back below th.
Gold drops as Hormuz firefight fuels US Dollar jump