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 bulls seem hesitant as failed US‑Iran talks and hawkish Fed bets support USD
Sharp losses in the Nikkei 225, ASX 200 and gold sparked by developments surrounding the Iran war have started to reverse during the Asian session on Monday, continuing the recent pattern of riskier asset classes fading an escalation in geopolitical tensions.
Gold price faces pressure as $100+ oil and hot PPI raise Fed rate risks. Can bullish sentiment hold, or will the gold market turn lower this week?
Gold falls to near $4,650 as Oil surge, US–Iran tensions hit Fed cuts
The gold outlook may have turned a bit more bearish heading into the new week, with geopolitics once again being the reason. The recently announced ceasefire agreement between the US and Iran had taken some heat out of the market.
Although gold prices have shown a steady recovery throughout the trading week, XAU/USD has failed to maintain consistent buying momentum into the close, posting a decline of around 0.5% during the session. This suggests that, beyond the recent upward movement, a neutral short-term dynamic is beginning to take shape.
United States CFTC Gold NC Net Positions: $156.3K vs previous $163.2K
Gold steady near $4,760 as Iran talks weigh on US Dollar
Silver moved higher, while platinum found itself under pressure in today's trading session.