Gold Price's break above the 4,600 level this week has reignited bullish momentum, but the move raises a deeper question — is this a genuine reversal or a temporary bounce? After a sharp Q1 correction, Q2 is now shaping up as the decisive battleground that will determine whether Gold is reversing higher or merely recovering within a broader bearish structure.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
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 and silver rebound from key support as falling yields and a weaker dollar support prices, but persistent inflation and high interest rates continue to limit upside.
Gold advances to nearly two-week high as USD slips on hopes that Iran war could end soon
Gold prices have risen over the last two days to pierce above a key psychological barrier at the $4600/oz handle. The precious metal is eyeing acceptance above this level which could lead to further upside in the days ahead, if the geopolitical picture remains supportive.
Brazil's central bank doubled its gold holdings in 2025, making the metal the second-largest component of its foreign exchange reserves after the U.S. dollar, according to its annual report released on Tuesday.
Gold tests 100-day resistance while reclaiming the 10-day moving average, with ABCD pattern projections and Fibonacci targets pointing toward higher price levels if momentum persists.