Gold is trading at around 4,550 USD per ounce on Thursday, remaining close to its monthly lows. Pressure on the metal continues to build as rising energy prices fuel inflation expectations and increase the likelihood of tighter monetary policy from the world's major central banks.
Saudi Arabia Gold price today: Gold steadies, according to FXStreet data
Philippines Gold price today: Gold steadies, according to FXStreet data
United Arab Emirates Gold price today: Gold steadies, according to FXStreet data
Pakistan Gold price today: Gold steadies, according to FXStreet data
Gold recovers from monthly low as USD consolidates post-Fed gains amid US-Iran tensions
Gold's selloff is accelerating as a powerful macro combination weighs on the metal. Instead of acting as a safe haven, gold is being squeezed by rising oil prices and higher bond yields.
Gold extends its decline after breaking a rising wedge, with bearish momentum pointing toward key Fibonacci and moving average support zones while resistance builds above.
Gold price drops as Fed signals higher-for-longer rates, pushing yields to 4.402% and boosting the dollar, increasing pressure on the gold market outlook.
XAU/USD slips below 4,550 after the Fed's most divided hold since 1992
Gold tumbles as Oil surge lifts yields, USD ahead of the Fed
Gold prices are moving lower as traders wait for Fed decision.