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 slips as hawkish Fed and Iran uncertainty support USD
India Gold price today: Gold steadies, according to FXStreet data
Gold edged higher on Wednesday after cracking important $4500 support zone (50% retracement of $4099/$4889 rally / recent higher base) which provides significant headwinds to larger bears.
Gold holds steady near $4,550 as market eyes Middle East developments
Durante la jornada de hoy, y a pesar de la publicación de las minutas de la Reserva Federal, el oro logró sostenerse por encima de la zona de los 4,500 dólares por onza y registró un avance superior al 1.3%. Sin embargo, esta recuperación todavía no es lo suficientemente fuerte como para eliminar el sesgo vendedor que se mantiene desde jornadas anteriores, cuando el precio comenzó a retroceder desde la zona de los 4,700 dólares.
During today's session, and despite the release of the Federal Reserve minutes, gold managed to hold above the $4,500 per ounce area and posted a gain of more than 1.3%. However, this recovery is still not strong enough to erase the selling bias that has been in place since previous sessions, when price started to pull back from the $4,700 area.
Gold remains in a short-term bearish corrective phase after breaking below $4,500, though intraday rebounds suggest slowing momentum and potential bounce toward key moving averages.
Gold rallies as Fed minutes flag hikes, US Dollar slides