Malaysia Gold price today: Gold rises, according to FXStreet data
Gold consolidates around $4,500 amid Middle East developments, firmer USD
The 4-hour chart of XAU/USD indicates that the price was able to climb above the 23.6% Fib retracement level of the downward move from the $5,419 swing high to the $4,098 low. However, the price is still well below the 100 Simple Moving Average (red, 4 hours) and the 200 Simple Moving Average (green, 4 hours).
Putin banned the export of gold bars weighing over 100 grams from the Russian Federation. As of May 1 2026.
Gold rebounds after a sharp selloff, testing key resistance levels as traders watch moving averages and trend channels to determine whether recovery can extend or fade.
Gold rallies on hopes for US-Iran talks and falling US Treasury yields
Silver and platinum are also moving higher in today's trading session.
The gold markets rose in early trading on Wednesday, as rates in the USA have dropped a bit. With the idea of the war possibly ending, energy shocks will continue to be a worry.
Gold extends recovery as Oil prices pull back on US-Iran ceasefire hopes
Gold: Recovery helped by softer Dollar – ING
Gold (XAU/USD) holds the $4,544 Fibonacci level as ceasefire hopes clash with a hawkish Fed. Will the 0.382 retracement spark a breakout to $4,677?
As we see over the chart, Gold managed to hit a rebound toward 4602 so far. Gold is still facing the chance for another drop swing toward 4100 or 4385.