Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Market narrative
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Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Forex
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
Pound Sterling Price News & Forecast: GBP/USD recovers some lost ground, snapping the five-day losing streak
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
TL;DR: Gold and Silver tumbled as markets returned to the oil-rates relationship that governed Q2, with Brent above $100 and 10-year Treasury yields above 4.7% restoring pressure on the metals — leaving their next move hostage to Trump's binary decision on Iran.
AUD/JPY Price Forecast: Holds gains above 114.00, bullish vibe remains intact above 100-day SMA
Gold extends slide as inflation fears lift Fed hike bets and USD amid Trump's tariffs
EUR/JPY Price Forecast: Eyes rising wedge top near 187.00
The US Dollar started a fresh increase from 162.65 against the Japanese Yen. USD/JPY cleared the key hurdle at 163.20 to enter a bullish zone.
Gold Price Forecast: XAU/USD retains bearish bias heading into the Fed week
Silver Price Forecast: XAG/USD holds gains above $57.50 despite rising Fed rate hike odds
Gold and silver remain under pressure as a stronger US Dollar and higher interest rate expectations limit recovery, while both metals trade near key technical levels that could determine the next major move.
The short‑term Elliott Wave outlook in Gold (XAUUSD) indicates that the rally to $4204 marked the completion of wave ((B)), after which the metal turned lower in wave ((C)). The internal subdivision of wave ((C)) is unfolding as a five‑wave structure.
Gold recently reversed from the resistance area located at the intersection of the resistance level 4210.00 (top of wave i from the start of July), resistance trendline from February and the 50% Fibonacci correction of the downward impulse from June.
Euro rises as US Dollar weakens despite rising Middle East tensions
PBOC sets USD/CNY reference rate at 6.7939 vs. 6.7906 previous
Gold slumps to near $4,050 as Middle East conflict fuels inflation worries