Saudi Arabia Gold price today: Gold rises, according to FXStreet data
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 Price Forecast: XAU/USD buyers try their luck on Mideast respite, Oil slump
Gold gains as falling oil prices ease inflation and rate hike fears
Gold enters FOMC week with oil, yields and the dollar controlling XAUUSD as PCE and wage data test the rate-hike trade.
XAUUSD pauses after Thursday's plunge as crude eases, while rising rate-hike odds keep the dollar and gold bears in control.
As we came into the year gold was all the rage. Bitcoin seemed to be an afterthought but with the metal pushing into the $4500 level before the end of last year you didn't have to look far for forecasts to $6k.
Gold is testing key support after its recent breakout, with a sustained move above $4,203 potentially confirming a bullish reversal toward the 200-day moving average.