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 holds steady above $4,400 as traders seem hesitant ahead of US inflation data
Oil prices traded largely sideways on Thursday, consolidating after a solid run higher earlier in the week, with sporadic reports of continued fighting in the Middle East keeping a floor under the market without driving fresh gains. Gold held steady near $4,400 an ounce as investors positioned ahead of key US inflation data.
Gold remains stuck between two key averages ahead of the US inflation test
Gold rebounds above $4,400 on weaker Dollar, US PPI inflation data looms
Gold is coiling between $4,341 and $4,434, with an upside breakout potentially reinforcing the bullish structure toward $4,984.
In an earlier article I looked at the pullback in gold, and while bulls still have an open door there, the fact of the matter is that the retracement there is more aggressive than what's shown in Bitcoin. And at this point the question must be asked whether we're in one of those periods where Bitcoin is situated to outperform gold as an anti-fiat vehicle.
Silver and platinum gained strong upside momentum in today's trading session.
Gold bulls defy US yield spike as Treasury buyback nears