Gold and silver face pressure from rising Fed hike expectations as U.S. jobs data approaches, while Iran tensions provide competing safe-haven demand.
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
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 declines as rising Fed hike bets and US‑Iran tensions support USD
Middle East news flow was relatively light through the session, though oil prices remained underpinned after Monday's gains, when a US strike on Iranian rocket launchers and a subsequent Iranian retaliation drove crude higher. President Trump has vowed to respond forcefully to Iran's retaliation, and further support came from reports that a Saudi VLCC was halted after being struck by projectiles in the Strait of Hormuz, extending the pattern of tanker incidents in the waterway.
Gold Price Forecast: Defending $4,400 is critical for XAU/USD buyers
Gold has been one of the clearest examples of why structure should come before headlines. The advance from the 2022 low has developed impulsively, producing the characteristics expected from a five-wave Elliott Wave sequence.
Renewed US-Iran military strikes pushed Brent crude to approximately $90.49 and WTI to $85.76 at Monday's settlement. At the same time, the US 10-year Treasury yield climbed to 4.768%, its highest level since January 2025.