Pakistan Gold price today: Gold falls, according to FXStreet data
Gold remains depressed as hot US CPI lifts Fed rate hike bets and supports USD
India Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
After yesterday's sharp rally in alternative precious metals, with Copper, Platinum, and Silver all surging as Chinese inflation reached a 45-month high, the strong upward momentum has now eased.
Gold edges higher above $4,700 despite hotter US inflation, Trump–Xi summit in focus
Gold sits at a major technical inflection point as converging moving averages define resistance, while support levels suggest either a breakout or renewed corrective pressure.
Gold (XAU/USD) update: Gold (XAU/USD) remains remarkably resilient, consolidating within a wide $4,500 to $4,900 range despite a hot US CPI print and a surging Dollar. As the metals complex digests China's 45-month high inflation and pivots toward the high-stakes Trump-Xi summit, explore our in-depth technical analysis for Gold's next major move.
Gold price sinks as hot CPI, Oil surge crush Fed cut bets
April CPI came in hot this morning. Headline: 3.8% year-over-year, above the 3.7% consensus.
Gold trading range tightens as key technical levels come into focus, with breakout risks building across multiple timeframes. Michael Boutros, Senior Technical Strategist at FOREX.com, breaks down the critical support and resistance zones shaping gold's near-term outlook, including Fibonacci retracements, pitchfork structures, and key range levels.
Gold prices fell after hot CPI data and rising oil prices boosted Fed rate fears, while a stronger dollar added pressure to XAU/USD.