India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
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India Gold price today: Gold falls, according to FXStreet data
Forex
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold slides back closer to $4,050 as Iran risks and Fed hike bets boost USD
The Euro recovered some losses and climbed above 1.1420 against the US Dollar. However, EUR/USD seems to be facing hurdles near 1.1475 and 1.1500.
Crude oil prices rose at the start of the week after President Trump said the ceasefire was over and fighting had started again. Stock markets fell, while USD/JPY moved back toward recent highs.
Cable moves within a narrow-range sideways mode for the second consecutive day, after 1% advance last week that completed reversal pattern on weekly chart (after the downleg from 1.3869 was contained by ascending trendline, drawn off 1.0348, 2022 low) and generated positive signal on close above weekly Ichimoku cloud top (1.3335).
EUR/USD Price Forecast: Flag breakdown supports more downside towards 1.1325
EUR/JPY Price Forecast: Edges higher above 184.50, but stays capped by clustered resistance
AUD/USD Price Forecast: Retreats further from multi-week top but holds above 0.6900
Silver Price Forecast: XAG/USD falls to near $59.00 amid rising US-Iran strikes
PBOC sets USD/CNY reference rate at 6.7972 vs. 6.7989 previous
Gold falls below $4,100 as fresh US-Iran strikes stoke inflation fears
Euro weakens to near 1.1400 as US-Iran escalation boosts US Dollar
The EUR/USD ended the week on the back foot, surrendering its earlier poise during Friday's session. From mid-week until that point, the pair had displayed a rather unexpected degree of composure, even as tensions in the Middle East flared up again.
The Australian dollar enters the week on uncertain footing after its recent recovery began to lose momentum. Australian consumer and business sentiment will be monitored, but the spotlight falls on Tuesday's US CPI report and Fed Chair Kevin Warsh's congressional testimony.
The Euro to Dollar (EUR/USD) exchange rate is holding close to 1.1415, despite renewed geopolitical tensions in the Middle East that would normally be expected to support the US Dollar. UniCredit believes the Dollar's muted response reflects a combination of higher global bond yields, resilient equity markets and fading expectations.
Gold prices slipped as oil-driven inflation fears pushed September Fed hike odds above 50%, lifting Treasury yields and the dollar ahead of CPI.
Rising inflation and bond yields keep another BOJ rate hike in focus, while USDJPY, GBPJPY and EURJPY remain bullish above key support levels.
The US Dollar to Chinese Yuan (USD/CNY) exchange rate is trading around 6.78 after retreating steadily through 2026, with the Yuan continuing to outperform many major currencies. Westpac expects the Renminbi to strengthen further over the next two years, forecasting USD/CNY will fall to 6.75 by September, 6.70 by year-end and eventually.
For more than a month, sellers have repeatedly pressed the same technical floor without securing a decisive weekly breakdown. That resilience has left XAU/USD locked in an increasingly important consolidation as the July opening range develops and the broader March decline begins to lose momentum.