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
Gold edges lower on hawkish central banks as bears await acceptance below $4,600
For a metal that has behaved far more like something at the outer edge of the risk asset spectrum, it's notable how heavy gold has traded lately in what's been an otherwise risk-on environment.
Gold declines to near $4,600 amid escalating Middle East tensions
Gold (XAUUSD) stays in sell the rally mode until the 10-Year yield breaks below 4.30% and crude oil stops driving inflation fears.
This weekly gold outlook was written on Friday afternoon, before the markets closed. At the time, gold was coming slightly off its earlier highs, but remained higher as oil prices fell on reports Iran had set a new proposal to restart talks.
Gold rebounds from recent lows but remains under pressure as key moving averages and broken trend levels cap upside, keeping broader bearish structure intact.
United States CFTC Gold NC Net Positions dipped from previous $164K to $159.6K
Silver and platinum have also moved higher in today's trading session.
Gold price holds support but stays capped as Treasury yields near 4.40% and Fed policy limits upside, keeping the gold market in consolidation mode.