Gold bulls defy US yield spike as Treasury buyback nears
The next week is massive as US inflation data leads into an FOMC rate decision with high probability of a rate hike. Higher U.
Gold rose as yen-led dollar weakness drew overseas buyers, but oil above $100 and firm Treasury yields keep the Fed risk alive.
Gold struggles for momentum near $4,500 as rising U.S. rates and major central bank and inflation decisions keep traders cautious.
Gold buyers struggle near $4,400 amid Fed rate hike bets, rising Oil prices
Moneta Markets Launches 24/7 Gold Trading on MT5
Gold Spot/US Dollar faces rejection at 0.618 Arc – Potential decline toward 4,366
Gold Price Forecast: XAU/USD bounces up to $4,400 with the bearish trend intact
Gold holds below the resistance of 4440-60 to meet the target at 4365 and below. As we see from the chart, Intraday levels show resistance around 4385 which could keep pressure over the Intraday frame, holding the market inside the trading zone toward 4280-320 zone.
Gold and silver gain safe-haven support from Middle East tensions as traders await U.S. CPI, while XAU/USD remains capped below key resistance.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data