Gold continues to attempt to build a rally on Thursday, as markets are moving with rates in the United States, specifically the 10-year yield. I remain bullish long term though and have no interest in shorting.
Gold Price Forecast: XAU/USD holds steady near $4,850 amid hopes of new peace talks
Gold price tests the 50-day MA as dollar weakness and falling yields support the gold market. Traders now watch for a breakout to confirm upside momentum.
Gold advanced above 4800 with optimisms over Iran-U.S negotiations. Gold has the chance for more advance as the market looks for few days/weeks of calm.
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold remains close to four-week top amid Iran diplomacy hopes, reviving Fed rate cut bets
Gold falls to near $4,800 as oil-fueled inflation dims rate-cut hopes
Gold is on track for its fourth week higher. Yet when you consider that it has taken longer to recoup less than half of its recent declines, I cannot help but wonder if gains could be limited from here – or a pullback is on the horizon.