Malaysia Gold price today: Gold falls, according to FXStreet data
Gold today reversed up from the support zone between the support levels 4400.00 (low of wave (A) from February)), 4275.00 (low of wave 4 from December) and 50% Fibonacci correction of the upward impulse from last year.
Persisting negative sentiment, which drove the price for 10% drop last week (the biggest weekly loss in decades) was additionally boosted by growing expectations of rate hikes as strong rise on oil prices fuels inflation in its domino-effect to global economies that keeps major central banks on high alert and makes the metal less attractive for investors.
Gold rebounds to nearly $4,450 on Middle East de-escalation
For precious metals traders, this environment is close to perfect.
Gold rebounds from three-month lows as Trump delays Iran strikes
The weekend headlines continue to rock markets as another gap-up in oil drove reverberations across the macro space. Stocks sold off and the USD rallied, at least initially, as tensions flared from the Strait of Hormuz.
Market Update: WTI drops 10% to ~ $90 and Brent falls below $100 as renewed US-Iran talks cool market tensions. Gold rebounds to the $4,400 momentum level following a severe 25% correction driven by inflation fears.
Gold bounces from the 200-day EMA on Monday, with a bit of a relief rally.
Gold (XAU/USD) has plummeted to a four-month low, recording its worst week in 43 years, as macro factors, specifically the Federal Reserve's shift away from 2026 rate cuts dominate geopolitical influences. Technicals signal a severe bearish breakdown below the $4,500 support, compounded by persistent ETF outflows.
Gold market weakens as Treasury yields surge and rate cuts get pushed back. Gold price prediction stays bearish with rallies likely to be sold near resistance.
Gold: Medium-term risks from CTA flows – TD Securities