The holding ceasefire has reduced safe-haven flows, allowing gold to test key support at $4,665 and silver to ride its rising channel with RSI above 58. Despite short-term bearish pressure on gold, silver shows clear upside potential toward $82–$84.
Shares of Indian jewellery retailers tumbled on Monday after Prime Minister Narendra Modi urged people to refrain from buying gold for a year to protect foreign exchange reserves, stoking fears that tariff hikes to curb imports of the metal may be in the offing.
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
Gold remains depressed below $4,700 as US-Iran tensions and inflation fears underpin USD
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 slumps below $4,700 on Trump rejection of Iran peace proposal
Gold market rebounds sharply as falling oil prices and softer yields improve the outlook for XAU/USD ahead of critical U.S. CPI data.
Gold is attempting to stabilize after a sharp decline, with XAU/USD rebounding from a pivotal support zone that could define the broader trend. This level has emerged as a key inflection point, where a sustained hold would support a recovery scenario, while a break would signal a deeper correction.