Oil prices plummeted in yesterday's trading as Donald Trump announced a ceasefire for five days. As gold finds a spring in its step, is this the beginning of the turnaround for the yellow metal?
Gold: Positioning washout risks and CTA selling – TD Securities
Gold subdued as mixed US-Iran signals keep investors cautious amid ongoing war
Gold: Record losing streak as yields bite – ING
Gold added more of a drop this week while managing to test the downtrend channel support around 4100. As we see over the chart, the market is facing a trading zone between resistance 4535 and support 4100.
Gold prices fell to 4,300 USD per ounce on Tuesday, with quotes remaining under pressure amid the escalating Middle East conflict. Iran has denied reports of any talks with the US, stating that no such contacts have occurred.
Gold (XAU/USD) slips for a 10th session, breaking the 0.236 Fibonacci level. Is a crash to the $4,111 support imminent as the US dollar gains strength?
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data