United States CFTC Gold NC Net Positions up to $162.5K from previous $156.3K
Gold surges past $4,850 as Hormuz reopening crushes the US Dollar
Gold prices remain firm near recent highs, with XAU/USD continuing to press into a key resistance zone following a strong recovery off the March low. The sustained advance reflects improving near-term momentum, but the broader outlook now hinges on whether price can break through this barrier.
Gold continues to dance around the 50-day EMA on Friday, as we are waiting to find out the next move, and where we are going. The interest rate markets continue to be the main driver.
WTI has fallen over 7% this week toward the lower end of the $80 range, as easing tensions and the reopening of Hormuz reduce supply disruption risks. This has supported broader market sentiment, with US indices up over 3% this week and more than 10% from March 2026 lows.
Gold advanced above 4800 with optimisms over Iran-U.S negotiations. Gold has the chance for more advance as the market looks for few days/weeks of calm.
Gold steady near $4,800 as US-Iran deal hopes grow, Fed rate cut bets return
Gold (XAUUSD) stabilizes at $4,790 as US-Iran diplomacy in Pakistan cools safe-haven demand. Discover why the $4,770 trendline remains the ultimate “must-hold” floor.
Gold price prediction turns cautious as Fed stays on hold, dollar firms, and oil drops, reducing inflation pressure and limiting gold rally potential.
Gold (XAU/USD) has held steady on Friday, 17 April 2026, during the Asian session with a minuscule intraday gain of 0.2% to trade at $4,800 at this time of writing.
Gold (XAU/USD) is poised for a potential breakout above $4,900 as improving macro conditions support bullish momentum. A softer US dollar, rising Fed rate cut expectations, and falling real yields are creating a favourable backdrop.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data