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 remains close to four-week top amid Iran diplomacy hopes, reviving Fed rate cut bets
Gold falls to near $4,800 as oil-fueled inflation dims rate-cut hopes
Gold is on track for its fourth week higher. Yet when you consider that it has taken longer to recoup less than half of its recent declines, I cannot help but wonder if gains could be limited from here – or a pullback is on the horizon.
Gold's rebound shows underlying strength but now approaches a key resistance zone, where a decisive move will determine continuation higher or renewed downside pressure.
Rising Treasury yields put pressure on gold markets.
The fear from March seems to be comfortably in the rear-view mirror as US equities push towards fresh all-time highs. Despite the worry in many of the headlines indicating that the scenario around Iran isn't quite at a head, markets seem to hold less worry around the matter as there's been a massive recovery in risk and this is something that's shown through gold, Bitcoin and stocks.
The gold market sees a bit of pressure on Wednesday, as the recent action is so strong that a pullback makes a certain amount of sense.