News

Gold falls below $4,550 an ounce, giving back some of its recent gains in a context of high uncertainty. Markets remain cautious despite President Donald Trump‘s openness toward possible negotiations with Iran.

Weighing on prices are primarily inflationary pressures and expectations of a continued restrictive monetary policy by the Federal Reserve, which are limiting demand for the precious metal.

[Source: Investing.com]

Gold and silver are under pressure in the short term due to inflation fears, rising yields and higher oil prices. Gold remains within the support range of $4,400 to $4,500, but it needs to break above $5,000 to confirm the next major upward move. Silver is more volatile, and the $72 level is crucial to monitor as a starting point.

Overall, the short-term trend for both metals remains in a consolidation phase, whilst the general direction remains bullish if key support levels hold.

[Source: FX Empire]

Gold prices declined in today’s trading, as rising oil prices reignited inflation concerns. However, what is weighing most heavily on the safe-haven asset is the market’s skepticism about interest rate cuts, with rates expected to remain high for a prolonged period.

[Source: Market screener]