Gold climbs above $5,200 on Middle East tensions and a weaker US dollar, while silver tests $90 resistance. Can XAU reach $5,330 next?
Gold managed to print above 5227 which could lead to a higher advance. Intraday prices show support around 5194 where as long as the market holds above it, the advance wave could expand toward the target of 5300.
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 holds above $5,200 as Middle East tensions and weak USD support ahead of US CPI
Gold prices consolidate above the key $5,000 level ahead of US CPI data, while ongoing Middle East tensions and shifting expectations for Federal Reserve policy continued to shape investor sentiment.
After yesterday's chaos in the Oil Market, commodities still have a few surprises in store. Today seemed to mark a new beginning in the current war-flows, with Crude crawling back to $76.50 around the mid-session, a 35% move lower!
Gold holds steady near $5,200 ahead of US CPI inflation release