Saudi Arabia Gold price today: Gold steadies, according to FXStreet data
Philippines Gold price today: Gold steadies, according to FXStreet data
United Arab Emirates Gold price today: Gold steadies, according to FXStreet data
Pakistan Gold price today: Gold steadies, according to FXStreet data
India Gold price today: Gold steadies, according to FXStreet data
Malaysia Gold price today: Gold steadies, according to FXStreet data
Gold falls below $4,700 ahead of US NFP release
Gold finds support at the 10-day and 100-day moving averages, facing resistance near the 20-day, suggesting a potential rebound toward the 50-day moving average zone.
Gold slides over 2% as Trump extends Iran operation, lifts USD bids
The gold market found a lot of selling pressure on Thursday, as traders are reacting to the idea of the war in Iran stretching for a few more weeks. Rates jumping were also a problem for metals.
Gold prices have come under renewed pressure, with the metal extending its sharp correction despite ongoing geopolitical tensions. The gold price (XAU/USD) fell to around $4,618, down 3.5% on the day, and roughly 15% below recent highs, as markets reassess the outlook for interest rates and investor positioning.
Gold retreats from two-week highs amid USD, yields rebound after Trump remarks