Gold remains at an important inflection point after the August rally gave way to a sharp correction late last month. Price has since stabilized at support near the yearly open, but the September range remains unresolved as traders await fresh direction.
Gold bulls blink as hot US PPI, $100 Oil send yields flying
Gold drops as $100 WTI drives Treasury yields above 4.9%, strengthening the dollar and putting $4,319 support in focus ahead of Friday's CPI.
Gold: Near-term selling may only delay next leg higher - TD Securities
Gold remains stuck below $4,500 as traders await CPI and major central-bank decisions.
Gold prices weakened (-0.5%) by mid-day in London, while silver (-2.3%) gave back all of yesterday's gains, and copper (-3%) took the brunt of the sell-off with an even sharper drop. It is hardly surprising to see the metals struggle in this macro environment.
Gold comes under pressure ahead of US PPI as Fed rate hike risks linger
Gold Price Forecast: XAU/USD holds below $4,400 with Oil, yields surging
Gold and silver gain support from a weaker dollar and Iran tensions as traders await U.S. PPI, with CPI and Fed rate expectations also in focus.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data