United States CFTC Gold NC Net Positions dipped from previous $164K to $159.6K
Silver and platinum have also moved higher in today's trading session.
Gold price holds support but stays capped as Treasury yields near 4.40% and Fed policy limits upside, keeping the gold market in consolidation mode.
There is a correlation between interest rates and gold pricing at the moment, and this doesn't seem to be changing anytime soon. With energy inflation concerns, this will continue.
Gold markets pull back as rates rise slightly on Friday. Headlines coming out of the Middle East remain the biggest threat, as well as energy inflation.
Gold and silver are taking a much-needed breather after explosive gains in 2025.
Gold managed to hit the target of 4554 and managed to fall below it. As we see over the chart, Intraday prices remain under pressure with resistance at 4680.
Gold prices fell in early European trade today as markets saw fears rise of a prolonged Middle East conflict. This comes at a time when major Central Banks including the Federal Reserve, ECB and BoE warned this week that a prolonged conflict could have significant implications for inflation and thus monetary policy.
The US dollar has received positive news from the Fed, the oil market and the US economy. Jerome Powell is staying in the FOMC, Brent crude has surpassed $120 per barrel, and orders for durable goods excluding aircraft and military equipment jumped by 3.3% in March.
Gold is edging higher as US interest rates dip below 4.40%, with the $4,600 level closely watched, though Middle East tensions and bond market volatility keep traders cautious despite a long-term bullish bias.
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data