As we all know, the Iran war is severely restricting the flow of Crude Oil through the Strait of Hormuz.
Saudi Arabia started to send more tankers out via the Red Sea, but now, we have a completely different set of problems in the Bab al-Mandab Strait, which is driving crude even higher.
In today’s Market Outlook, let’s take a look at Forex trading on EURNZD, NZDUSD, AUDUSD, AUDNZD, AUDCAD, Silver, XAGUSD, Gold, XAUUSD, WTI, and Brent Crude Oil.
So, the question for traders is, “when can we go short on WTI and Brent CFDs and watch price action fall to normal levels?”
There is no easy answer to this question, but the current US administration is under enormous pressure to end the war, but that may mean nothing in the short term.
This has caused more geopolitical uncertainty, and investors tested the $4,000 level of support on gold, with price heading up past $4,100 this week.
Silver followed gold, as it has been doing for months.
On the technical side, price action has broken through the upper trend line that we have been following for months.
On the weekly charts, we see falling wedges, which are almost always bullish patterns.
But keep in mind, these are weekly charts, so this may take a long time to play out.
This morning we saw Australian Employment Figures way higher than analysts’ expectations, and look what happened.
If we follow the rules of the News Catalyst Fade, we want to trade with the trend or within the range.
We note that in almost every case, the news drove price action WITH the trade buy; we can still look for reversals on other time frames.
We will keep an eye on AUDUSD, for example, where price is at a key level of resistance.
Also on AUDNZD, we see price at a key level with an overbought stochastic oscillator.
And, on AUDCAD, we see a strong ranging market with price at an upper trend line and an overbought stochastic oscillator.
Please feel free to check all other AUD pairs.
We see that NZD has been the strongest currency this month, but we also see that this may be changing.
For example, on NZDUSD, we see a pullback through the lower trend line, but we also see a falling wedge and an oversold stochastic oscillator.
Inflation in New Zealand is not under control, so we will keep an eye on all NZD pairs.
On EURNZD, we see the pullback as well, but with price action forming a rising wedge, and we will keep an eye on this as well.
And tomorrow’s ECB Interest Rate decision, so keep an eye on these and all EUR pairs.
That’s all for now.
CFDs and FX are leveraged products, and your capital may be at risk.
USD/ZAR entered a three-day losing streak after failing to breach key technical resistance at 16.60, a solid barrier since mid-May Persistent weakness in the US dollar cross could push USD/ZAR down toward the 16.20 support zone during upcoming central bank updates High domestic interest rates, political stability under a coalition government, and strong precious metal exports have driven the rand's 6% year-to-date gain The USD/ZAR currency pair has seen a three-day decline, failing to break through the significant 16.60 resistance level that has been in place since mid-May. This is occurring even as the US dollar shows general strength against other major currencies, indicating a notable resilience from the South African rand. The rand’s performance has contributed to a year-to-date depreciation of the USD/ZAR pair by over 6%.
This dynamic invites closer examination of the underlying forces at play. What is driving the pair’s current momentum, and what broader signals does it convey about the economies involved? Looking ahead, investors must consider both near-term and medium-term prospects to inform their positioning.
What Is Driving the Rand’s Outperformance? The rand’s current strength stems from a blend of domestic political stability, appealing yield differences, and strong commodity exports. In May, South Africa’s Reserve Bank surprised markets, hiking rates for the first time in three years. After a split vote, it pushed the repo rate to 7.00%.
That wasn’t a random decision. June’s inflation hit a two-year high of 5.0%, hotter than the 4.7% economists had penciled in. Many analysts now expect a second consecutive hike this week. Higher South African rates make the rand more appealing to carry traders seeking yield, propping up the currency even with soft domestic growth.
Globally, expectations for potential interest rate cuts by the US Federal Reserve, influenced by softening labor market data and moderating inflation, have reduced upward pressure on the US dollar. While the dollar remains a key safe-haven asset, its recent trend has moderated, allowing currencies from emerging markets with higher yields, such as the rand, to perform better.
The Federal Reserve maintained its interest rate range at 3.50%–3.75% in its June meeting. Although the projected rate path still suggests one more increase this year, a weaker-than-expected June jobs report of only 57,000 new positions has tempered expectations of aggressive rate hikes.
Firmer gold prices also boost the rand. South Africa benefits directly from strong worldwide demand and favorable prices for precious metals, especially gold and platinum group metals. Healthy export revenues have helped shore up the national trade balance and brought in steady foreign currency.
Near-Term and Medium-Term Outlook Looking ahead, the South African Reserve Bank’s (SARB) upcoming policy decision this week is a key factor in the near term. A further 25-basis-point rate increase would likely sustain rand support and keep USD/ZAR below 16.60 until the Federal Reserve’s July meeting. Any indications from the Fed signaling potential rate cuts could lead to a downward revision for USD/ZAR, potentially testing the 16.20 support level.
Over the medium term, the pair’s trajectory will depend heavily on global risk appetite and commodity demand. If South Africa successfully implements structural reforms in its energy and logistics sectors and global central banks begin to ease monetary policy, the rand may continue to appreciate.
What has driven USD/ZAR’s recent losing streak?
Strong rand performance from commodity exports, SARB policy, and moderating US dollar strength have kept the pair below 16.60 resistance.
What domestic monetary factor attracts global investors to the South African rand?
Elevated interest rates set by the South African Reserve Bank offer an attractive carry trade yield for foreign investors.
What triggered the SARB’s first rate hike in three years?
Inflation accelerated to a two-year high of 5.0% in June, prompting policymakers to hike rates to protect price stability and currency credibility.
Gold prices fell in Philippines on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 8,183.76 Philippine Pesos (PHP) per gram, down compared with the PHP 8,202.99 it cost on Wednesday.
The price for Gold decreased to PHP 95,456.16 per tola from PHP 95,678.09 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,183.76
10 Grams
81,839.94
Tola
95,456.16
Troy Ounce
254,542.80
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 12,809.96 Indian Rupees (INR) per gram, broadly stable compared with the INR 12,820.56 it cost on Wednesday.
The price for Gold was broadly steady at INR 149,412.40 per tola from INR 149,536.50 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
12,809.96
10 Grams
128,101.40
Tola
149,412.40
Troy Ounce
398,434.50
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold is snapping its recent recovery, struggling above $4,100 early Thursday, as both fundamental and technical factors warrant caution for buyers.
Gold reverses from two-week highsGold is extending its pullback from two-week highs of $4,166 reached on Wednesday, even as the US Dollar (USD) remains on the backfoot.
Looming Japanese intervention risks keep Greenback traders cautious amid potential downside risk to the USD/JPY pair, which could have a ‘rub-off’ effect on the buck.
Additionally, the earnings reports from the American tech titans, Alphabet and Tesla, showed robust spending plans for Artificial Intelligence (AI) infrastructure, lifting chipmakers and major Asian indices. The cautious optimism is also rendering negative for the safe-haven US Dollar.
However, expectations of sooner (than later) interest rate hikes by the US Federal Reserve (Fed) are back on the table, courtesy of the widening Middle East conflict-led surging Oil prices and increasing inflation fears, which continue to limit the USD downside and reinforce bearish pressure on non-yielding assets such as Gold.
Therefore, the latest leg down is sponsored by that narrative, especially after the US launched a new wave of strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea, widening the scope of a conflict that has once again rattled global markets.
Late Wednesday, Iran’s Foreign Minister Abbas Araghchi warned that Tehran would respond in kind to any attack on its infrastructure after US President Donald Trump threatened to bomb a bridge or power plant for every ship targeted in the Strait of Hormuz.
Looking ahead, Gold remains in the eye of the storm amid escalating tensions in the Middle East and ahead of the European Central Bank (ECB) monetary policy decision.
Although the ECB is widely anticipated to hold key rates this Thursday, any signs of a possibility of a September rate hike could ramp up hawkish sentiment around the central bank. This could further contribute to the retracement in Gold.
Meanwhile, Gold’s daily technical setup continues to caution buyers as they keenly await confirmation of the impending Bear Cross while momentum stays neutral.
Gold price technical analysis: Daily chart
In the daily chart, XAU/USD trades at $4,117.19, holding below the 50-day simple moving average (SMA) at $4,242.58 and well under the 100-day and 200-day SMAs clustered around $4,491, which keeps the near-term bias bearish despite the latest rebound. The metal remains above the 21-day SMA at $4,071.54, suggesting some short-term demand, while the Relative Strength Index (14) near 49 points to neutral momentum rather than a decisive recovery.
Additionally, keeping buyers defensive, the 100-day SMA has crossed the 200-day SMA from above, but a confirmation on a daily candlestick closing basis is awaited to confirm a Bear Cross.
On the topside, initial resistance is seen at the 50-day SMA at $4,242.58, followed by the 100-day SMA at $4,491.02 and the 200-day SMA at $4,495.96, where a dense supply zone could cap further gains. On the downside, immediate support emerges at the 21-day SMA at $4,071.54; a daily close below this floor would likely expose the bearish trend to renewed pressure toward lower levels not yet defined by the current moving-average structure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold upside capped as energy and Fed expectations stay in focusAnalysts at ING highlight that gold is "likely to remain sensitive to developments in energy markets and expectations for US monetary policy," keeping the metal vulnerable to shifts in both oil prices and the Fed outlook. They add that silver "could continue to outperform if strength in industrial metals persists alongside safe-haven demand," suggesting the white metal may benefit from both industrial and defensive flows.
Echoing the cautious tone, OCBC notes that "near term, price action may remain two-way," but stresses that "a more sustained recovery likely requires oil prices to back off, some easing in real yields and Fed tightening expectations." Until those conditions materialise, OCBC warns that "upside may remain capped" for gold.
Gold price (XAU/USD) trades in positive territory around $4,125 during the early Asian session on Thursday. The precious metal extends its recovery as ongoing geopolitical uncertainties continue to underpin safe-haven demand.
Traders are scrambling back into the yellow metal after attacks between the United States (US) and Iran are widening into a second week. US President Donald Trump on Wednesday vowed that the US will blow up an Iranian bridge or power plant, including those in the country’s capital city of Tehran every time Iran shoots at a ship in the Strait of Hormuz.
Meanwhile, Iran threatened to strike US-linked infrastructure and energy facilities across the region if Washington carries out Trump’s threat. Earlier Wednesday, US Secretary of State Marco Rubio accused Iran of not being “serious” about making an agreement with the US while emphasizing that Washington was “committed to diplomacy” in the Middle East.
“The recent rebound feels mostly flow-driven, sparked by a bit of dip-buying and sheer relief that the US$4,000-an-ounce floor held,” says Ryan McKay, senior commodity strategist at TD Securities. “However, I don’t expect this to be the start of a new structural trend. Energy prices are just starting to pick up again, and that concern will ultimately cap the upside,” McKay added.
Fed funds futures traders were pricing in a nearly 34% probability of a rate hike from the Fed this month, up from 10% a week ago. Traders were also pricing in a 78% odds of at least a 25 basis points (bps) rate increase in September, according to the CME FedWatch tool.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Spot gold daily chart shows larger trend structure. Source: TradingView Resistance Converges Above the Market Since the 50-day moving average is falling closer to the swing high, it represents a stronger resistance zone as the levels converge. This would also allow for a decisive breakout above $4,203 to reclaim the 50-day moving average on the same move. Gold would need to reclaim the 50-day moving average to show further signs of strength that could lead to higher prices. It has represented an area of dynamic resistance since gold broke below it in mid-March. Therefore, a sustained move above the $4,203 swing high and the 50-day moving average would provide a more convincing confirmation that the recent bullish momentum is extending beyond a short-term rebound.
Higher Targets Await a Confirmed Reversal A higher initial upside target for gold lies near the prior trend high at $4,382, followed by the 200-day moving average near $4,497. The 200-day moving average was key dynamic support for the prior uptrend, and this first pullback to test it as support would typically be met with resistance, at least initially. That potential resistance makes the ability to reclaim the 50-day moving average even more important, as it would strengthen the case for gold to eventually challenge the higher targets.
If you’d like to know more about how to trade gold and silver, please visit our educational area.
Index Dow Jones +0,32 % na 52390,54 b. S&P 500 +0,12 % na 7518,33 b. Nasdaq Composite -0,09 % na 25812,72 b.
Ve středeční seanci se americké indexy ze začátku mírně korigují, protože investoři jsou opatrní před zveřejněním klíčových zpráv o hospodaření společností jako Alphabet a Texas Instruments, které by mohly poskytnout další signály o obchodu s umělou inteligencí. Trhy se také soustřeďují na americko-íránský konflikt, jelikož obě strany pokračovaly ve vzájemných úderech již jedenáctý den po sobě. Začínají tak vznikat opět obavy z narušení dodávek ropy způsobených potenciálně se rozšiřujícím konfliktem na Blízkém východě. Bohužel, diplomatické jednání nepřineslo okamžitý pokrok. Americký prezident Donald Trump v úterý nabídl na nová jednání s představiteli Iránu pesimistický pohled a uvedl, že Washington „nemá zájem se s Íránem zatím setkat“. Dolar na páru s eurem zatím opslabuje o -0,2% tj. 1,1414 USD/EUR.
V hledáčku investorů je stále ropa, která stále roste a dnes WTI přidává 2,4% a dostává se k úrovni 86,4 USD/barel. Jak ropa roste , tak se opět vynořují obavy investorů že energetický šok způsobený válkou by mohl vyvolat globální inflační výbuch a vlnu zvyšování úrokových sazeb centrálních bank. Tyto komentáře přicházejí v době, kdy média naznačují, že se mediátoři nadále snaží oživit diplomatické řešení íránského konfliktu, který nyní hrozí rozšířením do dalších částí Perského zálivu. Dnes byly také zveřejněny zásoby surové ropy a podle EIA zásoby vzrostly o 2,010 mil. barelů, když trh předpokládal pokles o 1,950 mil. barelů. Tato situace vyhovuje akciím v těžebním sektoru černého zlata a tak akcie těžebního obra Exxon Mobil ( XOM ) přidávají 1,5% a hned v závěsu jsou akcie konkurenta Baker Hughes ( BKR ), jež se posunují výš na tržní ceně více než 1%. Podobně si vedou také akcie Marathonu Petroleum ( MPC ) se ziskem více než 1% a také akcie britské skupiny BP ( BP ) se posouvají výš o více než 1,5%. Solidně si vedou také akcie APA ( APA ), které se přehouply přes 1% a také konkurenční akcie Occidentalu Petroleum ( OXY ) na tržní ceně přidávají cca 1,5%. Velmi slušně si vedou také akcie brazilského těžaře Petrobrasu ( PBR ), jež se pohybují v kladném se ziskem 2,5%. Dnes přidávají na tržní ceně také akcie francouzského výrobce a dodavatele těžní techniky Schlumbergeru ( SLB ) o více než 2% a také akcie amerického konkurenta Halliburtonu ( HAL ) 0,6% a do této skupiny patří také akcie Chevronu ( CVX ), které přidávají cca 1%.
S oslabením dolaru si dnes dobře vede žlutý kov, který přidává 1,4% a zlato se tak dostává l úrovni 4 138 USD/Troy. unci. Tato situace je tak příznivě nakloněna akciím v těžebním sektoru zlata a tak akcie největšího kanadského těžaře Barrick Mining ( B ) dnes zpevňují o 3,9% a hned v závěsu jsou akcie jeho amerického konkurenta Newmontu ( NEM ) s ještě větším ziskem cca 4,5%. Za zmínku stojí také akcie známého těžaře Eldorado Gold ( EGO ), jež se posunují výš o 6,7%.
Za pozornost investorů stojí dnes tabáková skupina Philip Morris ( PM ) vykázala zisk za druhé čtvrtletí, který překonal odhady díky robustním tržbám poháněným poptávkou po jejím nekuřáckém produktu. Náladu však utlumilo určité zklamání z jejího ročního výhledu. Tržby společnosti meziročně vzrostly o 10,4 % na 11,19 mld. USD. Organické tržby byly meziročně vyšší o 7,6 %, zatímco trh očekával růst pouze o 4,91 %. Philip Morris celkově dodal 205,2 mld. jednotek produktů, což představuje meziroční růst o 2,5 %. Zisk na akcii meziročně klesl o 7,7 % na 1,80 USD, a to vlivem nepeněžního odpisu podílu v kanadské RBH ve výši 511 mil. USD (dopad 0,33 USD na akcii). Očištěný zisk na akcii naopak vzrostl o 15,2 % na 2,20 USD (bez měnového vlivu +13,6 %) a překonal očekávání trhu ve výši 2,04 USD. I když výhled byl opatrný, tak investoři pozitivně vnímají reportovaná čísla a akcie Philip Morris ( PM ) posilují na tržní ceně o více než 1,9%.
Své výsledky za 2Q. 2026 dnes představila také telekomunikační společnost AT&T ( T ) Čistý přírůstek postpaid mobilních zákazníků překonal průměrný odhad analytiků. Nad očekávání byl rovněž reportován očištěný zisk na akcii a očištěný zisk EBITDA. Akcie AT &T ( T ) se tak dnes těší z přízně investorů a posilují o cca 3,2%.
Index S&P 500 +0,12 % na 7518,33 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Utility +1,6 % Zbytná spotřeba -0,6 % Základní materiály +1,3 % Reality -0,2 % Energie +0,9 % Komunikační služby -0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Super Micro Computer (SMCI) +24 % TE Connectivity (TEL) -7,7 % Westinghouse Air Brake Technologies Corp (WAB) +11 % GE Vernova (GEV) -6,9 % Dell Technologies (DELL) +9,6 % ServiceNow (NOW) -4,9 % EQT Corp (EQT) +6,9 % PTC (PTC) -4,7 % CME Group (CME) +6,0 % DoorDash (DASH) -4,7 %
Luboš Bedrník
Fio banka, a.s.
Prohlášení
Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.
Ultimately, the market will be paying attention to interest rates as they are rising, and typically this will work against gold. Whether or not anything has changed from a longer-term standpoint remains to be seen, but as things look right now, it seems like the market is in a bit of consolidation. The top of that consolidation is at the $4,200 level, so that will be worth watching very closely. A break above that would have traders excited to say the least.
Death Cross Signals and Support Levels We recently had the death cross when the 50-day EMA breaks down below the 200-day EMA, a signal that longer-term traders normally view as very negative.
The $4,000 level continues to be a bit of a floor, but we’ll see how that plays out. It’s more of a range based on price history down to the $3,900 level. Breaking below there would obviously have people thinking lower pricing. It would be a major breach of support.
As things stand right now, it looks like we’re just simply content to go back and forth in this range, and range-bound traders are probably living it up right now, as it is such a well-defined area. This remains a market that seems to be looking to make a bigger move, but with so much uncertainty, it is possible that traders are simply waiting for a clearer signal.
, /PRNewswire/ -- GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (the "Company" or "GoldMining") is pleased to announce that it has filed a technical report (the "Technical Report") which includes the previously announced preliminary economic assessment (the "PEA"), in respect of its São Jorge Project (the "Project"), located in Pará State, Brazil.
The Technical Report, titled "NI 43-101 Technical Report and Preliminary Economic Assessment for the São Jorge Gold Project, Pará State, Brazil" with an effective date of June 9, 2026, is available under the Company's respective profiles at www.sedarplus.ca and www.sec.gov. All currency amounts herein are in US dollars unless otherwise indicated.
The PEA is preliminary in nature, and there is no certainty that the reported results will be realized. The PEA includes inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that this PEA, including the conceptual economics set out therein, will be realized.
São Jorge PEA Highlights
Strong Economics & Upside Leverage: Modelled an after-tax net present value at a 5% discount rate ("NPV5%") of $532 million and an after-tax internal rate of return ("IRR") of 42.4% utilizing base case gold price of $3,500 per ounce ("oz"). At a gold price of $4,400/oz, the modelled after-tax NPV5% increases to $836.8 million, yielding an IRR of 58.6% and an initial payback of just 2.4 years. High Capital Efficiency & Infrastructure Advantage: Initial capital is estimated at a highly manageable $202 million (including a 25% contingency), representing an attractive 2.6x base case NPV5% to initial capital ratio. This relatively low capital hurdle is directly supported by the Project's ideal location, situated adjacent to existing power lines, paved highways, and an available skilled workforce. Steady Production & Cash Flow: The PEA envisages a robust internal free cash flow, supported by a stable gold production profile averaging an estimated 51,250 oz annually over a 10.6-year life of mine ("LOM"), with peak gold production of 57,200 oz per year in years 2 through 4. Conventional, Resilient Operation: The PEA contemplates a conventional open-pit truck-and-shovel operation and a processing rate of 5,500 tonnes per day. A proven processing flowsheet utilizing standard gravity and leach circuits achieves high metallurgical recoveries of 90% Au, supporting resilient margins and an estimated LOM All-In Sustaining Cost ("AISC") of $1,464/oz. Advancing Pre-Feasibility Studies: The Company is working to commence pre-feasibility studies as the Project is further de-risked and moves forward with permitting towards a construction decision. Alastair Still, CEO of GoldMining commented, "Filing the São Jorge Technical Report marks the next step in the advancement of our portfolio. We are excited by the Project's compelling proposition, which pairs a manageable initial capital requirement with steady gold production and a robust base case NPV set out in the PEA. In addition to offering significant exploration potential, the study highlights the asset's potential resilient margins and rapid payback profile. In parallel to advancing and de-risking the property as we commence prefeasibility studies, we remain focused on drilling nearby exploration targets within our prospective regional-scale property as we continue to unlock value across our broader multi-million ounce Americas portfolio"
For further information regarding the Project, including the PEA, please refer to the Technical Report.
Qualified Persons
Imola Götz, M.Sc. P.Eng., F.E.C., Vice President, Project Development of the Company and a Qualified Person, as such term is defined in NI 43-101, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.S.A., Brazil, Colombia, and Peru.
Notice to Readers
Disclosure regarding the Project, including the PEA, included herein, has been prepared by the Company in accordance with Canadian National Instrument 43-101 ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by issuer of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the United States Securities and Exchange Commission ("SEC") generally applicable to U.S. companies subject to the SEC's disclosure requirements. Accordingly, information contained herein or in the Company's descriptions of its projects may not be comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.
Forward-Looking Statements
Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to the results of the PEA, the Company's plans and expectations regarding future opportunities and proposed work and future studies at the Project and the Company's other plans and expectations regarding the Project. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs Annual Information Form for the year ended November 30, 2025, and other filings with Canadian securities regulators and the SEC, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that forward-looking statements, or the material factors or assumptions used to develop such forward-looking statements, will prove to be accurate. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities law.
D.A. Davidson & CO. lifted its position in Gold.com Inc. (NYSE:GOLD – Free Report) by 109.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,595 shares of the company’s stock after purchasing an additional 20,139 shares during the quarter. D.A. Davidson & CO. owned 0.15% of Gold.com worth $1,547,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC bought a new stake in Gold.com in the 4th quarter valued at $35,000. Larson Financial Group LLC acquired a new position in shares of Gold.com in the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com during the 4th quarter worth about $42,000. State of Alaska Department of Revenue bought a new position in shares of Gold.com during the 4th quarter worth about $44,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Gold.com during the 4th quarter valued at about $55,000. 62.85% of the stock is owned by institutional investors.
Gold.com Stock Performance GOLD opened at $39.88 on Wednesday. The stock has a 50-day moving average price of $41.36. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a twelve month low of $20.55 and a twelve month high of $66.70. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 13.66 and a beta of 0.55.
Gold.com (NYSE:GOLD – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. As a group, sell-side analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current fiscal year.
Gold.com Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Gold.com’s dividend payout ratio (DPR) is presently 27.40%.
Gold.com announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Analyst Ratings Changes A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group started coverage on shares of Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target for the company. Roth Capital set a $52.00 price objective on Gold.com in a report on Thursday, May 7th. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of Gold.com in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gold.com presently has an average rating of “Moderate Buy” and an average price target of $59.75.
View Our Latest Analysis on GOLD
Insider Activity at Gold.com In other Gold.com news, major shareholder Tether Global Investments Fund purchased 58,536 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $43.11 per share, for a total transaction of $2,523,486.96. Following the transaction, the insider directly owned 200,000 shares in the company, valued at approximately $8,622,000. The trade was a 41.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 730,338 shares of company stock valued at $31,842,096. Company insiders own 23.10% of the company’s stock.
Gold.com Profile (Free Report)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.
Read More Five stocks we like better than Gold.com Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible
Receive News & Ratings for Gold.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold.com and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBessemer Group Inc. Has $3.59 Million Stock Holdings in Werner Enterprises, Inc. $WERN
NEXT HEADLINE »Bessemer Group Inc. Purchases Shares of 78,656 Guardian Pharmacy Services, Inc. $GRDN
XAUUSD (the Gold) saw a lift as the yellow metal moved away from the critical 4000 support.
As the market remains volatile, with all eyes on Iran’s next move, prices look to break the 4100 level. Only a break above 4100, the top range of the current spike, might put the precious metal back on track towards 4140. Otherwise, a fall back towards the fresh support of 4000 would open the door to 3960.
USDCAD steadily climbing higher
The Canadian dollar attempts to turn around a potential fightback from the greenback.
The pair remains under pressure, as an 80-pip move higher has hit resistance after a rejection at 1.4080. The buy side is attempting to continue the drive, which saw a bounce from the 1.4000 region. A break past the current resistance at 1.4080 could see a continuation, with 1.4150 the next target for buyers. NZDUSD another higher high
The American dollar looks to fight back against most of its competitors as sentiment shifts again.
The price has been moving higher after a continuous upshift in price action for the majority of this month. 0.5820 is the latest support, and its breach would trigger a reversal of liquidation and make 0.5760 the next target. 0.5900 is fresh resistance, as an overbought RSI leads to a bearish divergence.
Trading the forex market requires extensive research, and that’s what we do best
OPEN LIVE ACCOUNT
Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.
ING’s commodities team notes Gold and Silver have extended gains on dip-buying and geopolitical concerns in the Middle East. They highlight Gold trading above $4,000/oz and Silver near $60/oz, supported by safe-haven flows and stronger industrial metals sentiment. ING expects Gold to stay sensitive to energy markets and US monetary policy, with Silver potentially outperforming if industrial strength persists.
Precious metals lifted by dip-buying"Gold and silver extended gains, supported by bargain hunting after recent weakness and investors continuing to assess geopolitical risks in the Middle East. The move came despite lingering concerns that higher energy prices could add to inflationary pressures, complicating the Federal Reserve's path towards interest rate cuts."
"Gold climbed back above the $4,000/oz level, while silver outperformed, trading close to $60/oz. Silver’s performance reflects not only its safe-haven appeal but also support from improving sentiment across the industrial metals complex, particularly copper."
"The rebound appears driven more by fresh buying interest following a period of consolidation rather than a material shift in the geopolitical or macroeconomic backdrop. While tensions in the Middle East remain supportive for precious metals, markets are weighing softer US economic data against the inflationary risks from higher energy costs."
"Gold is likely to remain sensitive to developments in energy markets and expectations for US monetary policy. Silver could continue to outperform if strength in industrial metals persists alongside safe-haven demand."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Gold prices rose in Philippines on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 8,196.87 Philippine Pesos (PHP) per gram, up compared with the PHP 8,098.74 it cost on Tuesday.
The price for Gold increased to PHP 95,600.64 per tola from PHP 94,462.05 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,196.87
10 Grams
81,964.21
Tola
95,600.64
Troy Ounce
254,948.50
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Saudi Arabia on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 498.23 Saudi Riyals (SAR) per gram, up compared with the SAR 492.14 it cost on Tuesday.
The price for Gold increased to SAR 5,811.27 per tola from SAR 5,740.20 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
498.23
10 Grams
4,982.24
Tola
5,811.27
Troy Ounce
15,496.74
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Pakistan on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 36,918.19 Pakistani Rupees (PKR) per gram, up compared with the PKR 36,474.75 it cost on Tuesday.
The price for Gold increased to PKR 430,606.60 per tola from PKR 425,434.30 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
36,918.19
10 Grams
369,181.90
Tola
430,606.60
Troy Ounce
1,148,285.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold price (XAU/USD) gains ground to around $4,080 during the early Asian session on Wednesday. The precious metal rebounds as safe-haven demand intensified globally after retreating to the $4,000 psychological level in the previous session.
Renewed military tensions between the United States (US) and Iran have injected high volatility into commodities, prompting traders to rotate capital back into safe-haven yellow metal. Additionally, analysts said that the buying comes with the macro backdrop largely unchanged. “Today’s move looks more like dip-buying than a response to new headlines,” said Ewa Manthey, commodities strategist at ING.
Traders continue to weigh escalations in the US-Iran war. The US Central Command (CENTCOM) has carried out its 11th consecutive night of strikes on Iran since US President Donald Trump declared the ceasefire “over,” while Tehran’s forces have struck US military assets across the Middle East and its Houthi allies have declared a maritime embargo against Saudi Arabia.
Markets will closely monitor Middle East tensions for signs that higher energy costs could stoke inflation, putting pressure on the Federal Reserve (Fed) to tighten policy. Swap traders see low odds of the Fed raising rates at its next meeting in July after softer US inflation data, although traders have fully priced in at least one hike by the end of the year.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about Gold.com (GOLD - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Gold.com currently has an average brokerage recommendation (ABR) of 1.33, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.33 approximates between Strong Buy and Buy.
Of the six recommendations that derive the current ABR, five are Strong Buy, representing 83.3% of all recommendations.
Brokerage Recommendation Trends for GOLD
Check price target & stock forecast for Gold.com here>>>
While the ABR calls for buying Gold.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is GOLD a Good Investment?Looking at the earnings estimate revisions for Gold.com, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $5.31.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Gold.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Goldcom.
The swing top at $4202.71 is inside that zone. And taking it out will break the pattern of consecutive lower lows. After this, the 50-day moving average at $4263.78 comes into focus and if tested, we may finally get to see how much conviction the bullish gold traders have.
What to Watch Gold is holding Tuesday’s bid despite oil rallying and yields pressing higher because the ceasefire proposal is keeping the diplomatic track alive. That is fragile. A tanker was already hit in the Strait of Hormuz and both sides are still striking. If the talks collapse and crude extends, the rate pressure returns and gold gives this back. If diplomacy holds and oil starts pulling back, September hike odds continue to drop and gold can keep building on the base.
The price action is developing a secondary higher bottom above long-term support. Gold is still inside a resistance zone and needs to clear the upper end with volume to open the path toward the 50-day average. That level is where the market finds out whether this recovery has real conviction or whether it is just a pause in the selling.
If you’d like to know more about how to trade gold, please visit our educational area.
Gold prices remain under pressure from elevated US bond yields, but Goldman Sachs believes robust central bank demand should prevent any sustained sell-off, providing a solid floor for the precious metal despite near-term headwinds.
The Gold price in US Dollars (XAU/USD) traded around $4,300 on Tuesday after retreating from recent highs, as stronger US economic data and higher Treasury yields weighed on investor demand.
Despite the recent pullback, Goldman Sachs remains constructive on the longer-term outlook, arguing that official sector buying continues to underpin the market.
Image: Gold price in US Dollars - 7 day chart Goldman Sachs notes that central banks purchased another 31 tonnes of gold in May, well above the long-run monthly average and consistent with the steady accumulation seen over the past three years.
"Strong central bank buying in May provides a price floor."
The bank believes official-sector demand has fundamentally changed the gold market by reducing the likelihood of deep and prolonged corrections.
"We continue to expect structurally strong central bank demand."
Goldman Sachs acknowledges that higher real interest rates could continue to generate temporary selling pressure, particularly through exchange-traded funds and speculative positioning.
"Rates pressure is likely to be temporary."
The bank argues that while higher yields have historically weighed on gold, central bank buying is now providing an increasingly important offset.
"Official sector purchases should cushion downside risks."
Image: XAU/USD 1 year chart Near-Term Gold Price Forecast: Goldman Sachs Still Sees Longer-Term Upside Goldman Sachs expects near-term volatility to persist while markets assess the outlook for US interest rates.
However, the bank believes any weakness driven by higher yields should prove temporary because central bank demand remains exceptionally strong.
"We expect continued robust official-sector buying to underpin prices."
For gold investors, Goldman Sachs argues that the current environment differs markedly from previous periods of rising yields, with central bank diversification creating a durable source of demand that should continue to support gold over the medium term.
Gold rose around 1.5% on Tuesday as fresh signals of diplomatic action to de-escalate US-Iran war cooled inflation risks and expected to ease pressure on the US central bank.
Quick change in sentiment made the yellow metal more attractive to investors, with the latest bounce from very significant $4000 support zone (contained several attacks in past one month) has so far retraced 50% of $4203/$3960 bear-leg and eased immediate downside risk.
Improving technical picture (price broke above 10 and 20 DMAs ($4050 and $4062 respectively and 14-d momentum rises into positive territory) supports the action, although recent gains are still insufficient to generate signal of direction change.
The price may extend gains if favorable fundamentals persist, with break through $4110 (Fibo 61.8%) and $4145 (Fibo 76.4%) to further strengthen near-term structure and expose upper breakpoint at $4203 (recovery top / near-term range ceiling) violation of which to generate initial reversal signal.
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Gold (XAU/USD) edges higher on Tuesday as buying interest around the $4,000 psychological level supports prices, while traders assess developments in the Middle East and their potential economic fallout. At the time of writing, XAU/USD trades around $4,058, up 1.27% on the day.
The United States military carried out a tenth consecutive night of strikes against Iran, while Iran’s Revolutionary Guards targeted US military assets across the region.
Despite the continued military exchanges, diplomatic efforts are underway. The Associated Press reported that Iranian officials began meeting with mediators in Pakistan on Tuesday. Reuters reported on Monday that mediators had offered Tehran a 10-day ceasefire to try to bring last month’s interim agreement back on track.
With the situation still in flux, the US Dollar (USD) remains the preferred safe-haven asset, while Oil prices hold close to their highest level in more than a month. The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, is hovering just below the 101.00 mark, little changed on the day.
Although Gold is attempting to establish a base above the $4,000 psychological level, its upside remains limited as elevated energy prices stoke inflation concerns and strengthen expectations that the Federal Reserve (Fed) will keep monetary policy tighter for longer or even raise interest rates.
Higher borrowing costs reduce Gold's appeal, prompting investors to rotate toward interest-bearing assets such as government bonds.
Dollar support builds as Gulf tensions weigh on goldAnalysts at ING note that “the FX market is gradually catching up with developments in the Gulf, where tensions still appear to be escalating, and the Dollar has found broad-based support.” They highlight that US President Donald Trump has “pledged retaliation against Iran following the killing of three US service members in Jordan,” while Houthi militants are “threatening a blockade of Saudi Arabia in the Red Sea,” reinforcing the bid for the Dollar as geopolitical risks intensify.
Strategists at OCBC say Gold has "continued to consolidate around recent lows following the sharp pullback earlier this month," adding that "near term, price action may remain two-way, but a more sustained recovery likely requires oil prices to back off, some easing in real yields and Fed tightening expectations. Until then, upside may remain capped."
XAU/USD is testing the 20-day Simple Moving Average (SMA) at $4,062. The Relative Strength Index (RSI) at 45 on the daily chart is below the neutral 50 level, indicating weak bullish momentum. Meanwhile, the Average Directional Index (ADX) near 39 suggests the prevailing trend remains strong despite the near-term stabilization.
On the downside, immediate support lies at the $4,000 psychological level, followed by the lower Bollinger Band at $3,948. A break below this area could expose the horizontal support at $3,800.
On the topside, a sustained move above the Bollinger midline at $4,062 could open the door toward the upper band at $4,175, followed by the $4,200 resistance level. A decisive break above $4,200 would bring the more distant $4,500 barrier into focus.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.
In European trade, the WTI Oil price turns positive to near $82.65 after recovering early losses, but corrected sharply after registering a fresh monthly high at $84.42.
Lower oil prices ease inflation expectations and fears of interest rate hikes from central banks, a scenario that bodes well for non-yielding assets, such as Gold.
Meanwhile, a slight correction in the US Dollar due to risk-on market sentiment is also supporting the Gold price. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% lower to near 100.90.
Technically, a lower US Dollar makes the Gold price a favorable risk-reward bet for investors.
On the US interest rate front, the Federal Reserve (Fed) is almost certain to leave interest rates unchanged in the policy meeting next week.
Gold technical analysis
XAU/USD trades higher at around $4,069.52, closer to the 20-day Exponential Moving Average (EMA), which is at $4,089.31. The precious metal attempts a breakout of the Descending Triangle formation after remaining sideways for almost a month.
Momentum remains subdued with the 14-period Relative Strength Index (RSI) hovering around 45 and signaling a lack of bullish conviction.
On the downside, immediate support is seen around the recent break-price area near $4,043, before the rising trend-line floor at $3,941.63. On the topside, the 20-period EMA at $4,089.31 is the first meaningful barrier that gold must reclaim to ease near-term downside pressure and open the way for a more constructive recovery towards the July 6 high around $4,200.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Market outlook: Gold, crypto and US indices test important breakout levels At the time of this market review, precious metals and major cryptocurrencies were producing some of the clearest bullish signals. US stock indices were also recovering, although several important resistance levels still stood between a rebound and a more convincing bullish continuation.
Can the US stock index recovery continue?S&P 500 futures recovered from support and turned higher. A sustained move above the previous high near 7,550 could open a path toward 7,600. Another rejection from 7,550, however, would leave the recovery vulnerable.
The Dow Jones also recovered after briefly trading below support. For the Dow Jones cash index, 52,150 is the main bullish confirmation level. Acceptance above it would suggest that buyers are regaining control.
Educational insight: A market touching resistance is not the same as breaking it. Acceptance generally means price remains above the level for a meaningful period and successfully defends it during a pullback.
Are gold and silver still bullish?Gold has broken above an important resistance structure extending from its April high. The 4,040-4,045 area could now act as support if price returns to test it.
Holding above that zone would preserve the bullish structure. Sustained trade back below it would warn that the breakout may have failed, particularly if buyers cannot quickly reclaim the area.
Silver also defended major longer-term support before turning higher.
Two additional metals are approaching important confirmation levels:
Platinum: A sustained move above approximately $1,710 would strengthen the case for a larger advance. Palladium: Buyers need to clear approximately $1,375 before the broader outlook becomes more convincingly bullish. A useful concept here is the support-resistance flip. When price breaks above resistance, traders often watch whether the same area becomes support during the next pullback. If it does, the breakout gains credibility. If it does not, the move may have been a temporary overshoot.
What levels matter for Bitcoin and Ethereum?Ethereum has cleared an important longer-term resistance area, placing approximately $2,150 on the map as the next potential upside objective.
Bitcoin also looks constructive after defending major support near $57,000. With price recently around $65,500, the $64,000 area becomes an important short-term reference:
Holding above $64,000 supports bullish continuation. Sustained trade below $64,000 would weaken the breakout. A failed breakdown followed by a quick recovery above $64,000 could show that buyers are still active. Can crude oil break through resistance?Crude oil has recovered toward possible resistance near $90, while Brent crude faces a comparable test around $95.
Acceptance above these areas would improve the bullish outlook. Rejection, especially after only a brief move through resistance, could lead to another pullback.
Round numbers such as $90 and $95 often attract additional activity because traders use them for entries, exits and option positioning. That does not make them automatic turning points, but it can increase volatility around the initial test.
Why does cocoa remain vulnerable?Cocoa is one of the clearer bearish exceptions in this market review. Price rejected overhead resistance and could revisit the $5,000 area. A temporary move below that level is also possible if selling pressure accelerates.
The important distinction is whether cocoa merely touches $5,000 or begins spending time below it. A quick recovery could indicate that sellers failed to establish control, while sustained trade underneath would reinforce the bearish case.
These levels may refer to different instruments, including futures, cash indices and spot markets. Prices can vary between platforms, contracts and CFDs, so readers should confirm the corresponding levels on the instrument they trade. This analysis is educational and does not constitute a recommendation to buy or sell.
Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 531.49 Malaysian Ringgits (MYR) per gram, up compared with the MYR 526.67 it cost on Monday.
The price for Gold increased to MYR 6,199.51 per tola from MYR 6,142.99 per tola a day earlier.
Unit measure
Gold Price in MYR
1 Gram
531.49
10 Grams
5,315.17
Tola
6,199.51
Troy Ounce
16,531.32
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 12,529.09 Indian Rupees (INR) per gram, up compared with the INR 12,413.91 it cost on Monday.
The price for Gold increased to INR 146,136.90 per tola from INR 144,793.40 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
12,529.09
10 Grams
125,290.90
Tola
146,136.90
Troy Ounce
389,698.70
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 36,200.27 Pakistani Rupees (PKR) per gram, up compared with the PKR 35,863.88 it cost on Monday.
The price for Gold increased to PKR 422,232.90 per tola from PKR 418,309.20 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
36,200.27
10 Grams
362,002.70
Tola
422,232.90
Troy Ounce
1,125,954.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in United Arab Emirates on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 477.72 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 473.25 it cost on Monday.
The price for Gold increased to AED 5,572.05 per tola from AED 5,519.84 per tola a day earlier.
Unit measure
Gold Price in AED
1 Gram
477.72
10 Grams
4,777.21
Tola
5,572.05
Troy Ounce
14,858.75
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Philippines on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 8,037.94 Philippine Pesos (PHP) per gram, up compared with the PHP 7,955.80 it cost on Monday.
The price for Gold increased to PHP 93,753.77 per tola from PHP 92,794.92 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,037.94
10 Grams
80,382.97
Tola
93,753.77
Troy Ounce
250,009.00
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Saudi Arabia on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 488.82 Saudi Riyals (SAR) per gram, up compared with the SAR 483.88 it cost on Monday.
The price for Gold increased to SAR 5,701.47 per tola from SAR 5,643.84 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
488.82
10 Grams
4,888.16
Tola
5,701.47
Troy Ounce
15,204.13
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold Talking Points: While rate cuts amidst high inflation drove a massive breakout in gold back in 2024 the possibility of inflation-fueled rate hikes has driven a 28% pullback in the metal. The $4k level was initially taken-out last October as rate cuts fueled the rally but that price has become a massive spot of contention with buyers stepping in on tests below over the past month.
It’s been a brutal four-month stretch for Gold and that statement really can be spanned back to six months, as it was January 29th when the metal had set its current all-time-high just below $5600/oz. The initial pullback from that move was violent, with prices testing just above the $4400 handle a few days later, but that move was bid as late-stage buyers posed a bounce, and that move inevitably topped out at a lower-high of $5400/oz in early-March.
Since then, sellers have very much been in-charge with lower-lows and lower-highs, but over the past month they’ve largely been stalled as we’ve seen continued buying interest upon tests below the $4k level.
Gold Weekly Chart Chart prepared by James Stanley; data derived from Tradingview Gold: All About $4k On the initial approach towards the $4k level back in March, buyers stepped in about $100 before the big figure could come into play. That bounce, like the bounce from the $5600 reversal, was faded by sellers, leaving another lower-high on the chart. In the four months since, buyers have continued to show demand around the $4k level although that’s been slipping of late.
As to where sellers have been showing more aggression, we have lower-highs at both $4200 and $4100 and that sets up for some important context as the $4k support test from the weekly chart has continued, as each of those prices represent waypoints that buyers will need to take out to exhibit greater control of the trend in Gold.
Gold Four-Hour Price Chart Chart prepared by James Stanley; data derived from Tradingview Gold Strategy Moving Forward Last week saw two tests and failures at $4100 following below expected inflation data out of the US, and this further indicates that sellers are using bounces to build positions in the metal. When that sees initial signs of change, then we can begin to plot for bigger picture bullish themes, with that price and $4200 both representing important spots on the chart with which sellers have so far exhibited control.
Outside of that, sellers have an open door to make a move as the daily chart can be argued as a descending triangle formation, which is a bearish continuation pattern marked by horizontal support to go along with lower-highs. The logic being that successive bounces from that horizontal support are bringing less and less buying activity, and a persistent effort from sellers can, eventually, play through to a downside break of that important line-in-the-sand.
In that bearish scenario, spots of prior resistance-turned-support stand out, just below both $3900 and $3800, with the levels specifically plotted at $3895 and $3791.
Gold Daily Chart Chart prepared by James Stanley; data derived from Tradingview --- written by James Stanley, Senior Market Analyst, Global Macro
The gold market has bounced a bit during the early part of the trading session on Monday, as we continue to see the death cross loom large. At this point in time, the market still watches several things at once.
Gold Technical Analysis
Gold is consolidating just above $4,000, below both EMAs, after retreating from its highs. Source: TradingView. The gold market has bounced a bit during the early part of the trading session on Monday, as the $4,000 level is psychologically and structurally important at the moment. Buyers come back in despite the fact that interest rates have crept up a little bit higher during the trading session in the United States, but nothing major. The $4,000 level, I think, is a scene that a lot of people are watching very closely. It makes a lot of sense, and it is good for headlines.
We have had the Death Cross recently, where the 50-day EMA breaks down below the 200-day EMA, but that makes for good headlines. This is a situation that sometimes ends up being a bit late, so I always keep that in mind as well.
Geopolitical Drivers and Downside Risks The market right now is more or less paying close attention to what’s going on in the Middle East and trying to discern whether or not traders are going to continue to see this as an area that matters. This is a market that has a lot of noise, and I don’t see that changing in the current environment.
If the market were to break down below the $3,900 level, it would be a breach of a fresh new low, and history suggests that the next potential market memory spot is somewhere near the $3,500 level. If the US dollar continues to strengthen, that very well could be the case, but do keep in mind that both can rise. It doesn’t have to be a situation where a higher dollar means lower gold.
If you’d like to know more about how to trade gold and silver, please visit our educational area.
Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.
GBP/USD Rises as Markets Await Burnham's First Cabinet GBP/USD is edging higher on Monday, adding to last week’s gains as Andy Burnham prepares to replace Keir Starmer as UK Prime Minister.
Investors will be watching today's Cabinet announcement and Burnham's first major speech for clues on the new government's fiscal priorities.
Particular attention will be on whether Shabana Mahmood is confirmed as Chancellor. She is viewed by markets as a centrist, and her appointment would reassure investors that Burnham is not looking to ramp up spending or pursue the more expansionary fiscal policies some had feared.
Even so, uncertainty remains over Burnham's broader economic agenda. Fiscal credibility is likely to remain central to market sentiment, helping to keep gilt yields contained and providing support for sterling.
Alongside domestic politics, this is a busy week for UK economic data, with labour market figures due on Tuesday, inflation on Wednesday and retail sales on Friday.
The unemployment rate is expected to remain unchanged at 4.9%, while CPI inflation is forecast to ease to 2.4% from 2.8%, which could lower BoE rate hike expectations.
However, any improvement in inflation may prove temporary. Oil prices have continued to rise following renewed U.S.-Iran hostilities, increasing the risk that higher energy costs feed through into inflation over the coming months.
A softer-than-expected inflation reading could weigh on sterling in the near term, although stronger retail sales—supported by warmer weather and the FIFA World Cup—could provide some offset.
Meanwhile, the U.S. dollar remains under pressure following softer-than-expected CPI and PPI data earlier this month. However, rising oil prices could revive inflation concerns, supporting Treasury yields, Federal Reserve rate expectations and safe-haven demand for the dollar.
GBP/USD Forecast – Technical Analysis
GBP/USD has recovered from the 1.3200 support zone, rising above the 200-day EMA to a high of 1.3550 before pulling back below the former trendline support, which has now become resistance.
Buyers will need to reclaim 1.3485, where horizontal resistance coincides with the falling trendline. A move above this level would bring 1.3550 back into focus before exposing the 1.3600 psychological level.
Failure to reclaim 1.3485 could see the pair retest the 200-day SMA around 1.3390.
Below there, 1.3340 becomes the next key support level, with a break exposing the 1.3200 support zone.
Gold Holds Near Two-Week Low as Higher Oil Prices Revive Inflation Concerns Gold is little changed on Monday as investors assess the impact of escalating Middle East tensions, which continue to push oil prices higher and strengthen the case for the Federal Reserve to maintain a hawkish policy stance.
The precious metal fell 2.5% last week and is broadly unchanged so far in July after declining for four consecutive months, losing almost 25% over that period.
The outlook remains challenging following last week's 15% surge in oil prices, with crude extending gains at the start of this week as U.S. forces carry out strikes against Iran for a ninth consecutive day and concerns persist over shipping through the Strait of Hormuz.
As long as the conflict continues to support higher energy prices, investors are likely to remain concerned that inflation could prove more persistent, delaying any shift towards easier Federal Reserve policy.
That backdrop is weighing on non-yielding assets such as gold.
Cleveland Federal Reserve President Beth Hammack was the latest policymaker to suggest that further interest rate increases may still be required if inflation fails to ease sufficiently.
Markets are now pricing an 82% probability of a Federal Reserve rate hike by December, up from 73% a week ago, according to the CME FedWatch Tool.
One supportive factor for gold has been continued central bank buying.
Purchases by the People's Bank of China accelerated in June, marking the largest monthly increase in three years and extending its buying streak to 20 consecutive months.
For now, the $4,000 level continues to provide support.
With little major U.S. economic data due this week ahead of next week's Federal Reserve meeting, traders are likely to remain focused on developments in the Middle East, oil prices and their implications for inflation.
Gold Forecast – Technical Analysis
Gold has broken below its symmetrical triangle pattern and the 200-day EMA, falling to a low of 3,940.
The price remains below the falling trendline as well as both the 50-day and 200-day EMAs, reinforcing the bearish technical picture. The 50-day EMA has also crossed below the 200-day EMA, generating a bearish crossover signal.
A break below 3,940 would expose 3,800, followed by 3,700.
To improve the outlook, buyers would first need to reclaim 4,100 before targeting 4,200, where the falling trendline and the July high converge.
A move above this resistance would expose the 200-day EMA around 4,310, followed by the June swing high near 4,370.
Only a sustained break above those levels would bring 4,500 back into focus.
Gold prices remained broadly unchanged in United Arab Emirates on Monday, according to data compiled by FXStreet.
The price for Gold stood at 474.81 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 474.54 it cost on Friday.
The price for Gold was broadly steady at AED 5,538.14 per tola from AED 5,534.89 per tola on friday.
Unit measure
Gold Price in AED
1 Gram
474.81
10 Grams
4,748.14
Tola
5,538.14
Troy Ounce
14,768.37
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet.
The price for Gold stood at 12,475.40 Indian Rupees (INR) per gram, broadly stable compared with the INR 12,463.91 it cost on Friday.
The price for Gold was broadly steady at INR 145,510.50 per tola from INR 145,376.60 per tola on Friday.
Unit measure
Gold Price in INR
1 Gram
12,475.40
10 Grams
124,753.90
Tola
145,510.50
Troy Ounce
388,037.30
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Pakistan on Monday, according to data compiled by FXStreet.
The price for Gold stood at 35,945.31 Pakistani Rupees (PKR) per gram, up compared with the PKR 35,906.22 it cost on Friday.
The price for Gold increased to PKR 419,258.50 per tola from PKR 418,803.20 per tola on friday.
Unit measure
Gold Price in PKR
1 Gram
35,945.31
10 Grams
359,453.10
Tola
419,258.50
Troy Ounce
1,118,025.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices have struggled after a sharp correction from record highs, but Bank of America believes the metal's difficult year could eventually create an attractive entry point for long-term investors.
Gold (XAU/USD) traded near $4,330 on Friday after recovering from June lows below $4,000, although prices remain well below the January peak above $5,500.
Bank of America says gold has experienced a disappointing period after investors initially expected further gains from geopolitical uncertainty and currency debasement concerns.
The bank describes 2026 as a potential "lost year" for gold, with higher real yields, a stronger Dollar and shifting Federal Reserve expectations limiting upside.
However, BofA argues the recent weakness may ultimately prove temporary.
The bank believes the long-term investment case remains supported by central-bank demand, concerns over government debt and ongoing questions around reserve diversification.
Gold's correction has also improved valuations after the strong rally seen over recent years, creating the possibility that investors who missed the initial move could return.
Near-Term Gold Price Forecast: BofA Sees Risks but Maintains Long-Term Bullish View While BofA acknowledges that gold may face further short-term volatility if US yields remain elevated, it believes the broader drivers behind the bull market remain intact.
The bank expects falling interest-rate pressure, continued central-bank purchases and renewed investor demand to provide support over the longer term.
Rather than viewing the recent correction as the end of gold's rally, BofA sees it as a potential opportunity for investors waiting for a more attractive entry point.
Spot gold weekly chart shows long-term trend. Source: TradingView Mixed Signals Create a Critical Decision Point The combination of a break below a rising trendline and consistent confirmed resistance at the 20-day moving average, shows long-term and short-term alignment. Although this adds to downward pressure, the reluctance of selling pressure to increase noticeably since last week’s lower swing high, leaves open the possibility for a relatively quick recovery of the two trending indicators. The 20-day moving average is now near $4,071 and Wednesday’s high of $4,081 can be used as a proxy for the indicator.
Lower Support Levels Come into Focus If the current trend low of $3,942 is broken to the downside, the higher swing low of $3,886 becomes a target, and it is at risk of failure as well. A decisive break below that initial target leads to a possible eventual test of support in a range from around $3,702 to $3,650, consisting of the 50% retracement of a prior upswing and the 78.6% Fibonacci retracement of a larger previous upswing.
A Reversal Requires Stronger Confirmation Despite the signs of strength indicated by a reclaim of the 20-day moving average, a bullish reversal of structure above last week’s high would be needed for a more reliable sign of a bullish reversal. However, the next upside target is at the falling 50-day moving average at $4,291 and it is rapidly falling towards last week’s high.
If you’d like to know more about how to trade gold and silver, please visit our educational area.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Gold edges higher by some 0.92% on Friday as the US-Iran conflict boosted energy prices, which ultimately drive inflation higher, increasing expectations that the Federal Reserve (Fed) might need to raise interest rates. At the time of writing, the XAU/USD trades at $4,013, after reaching a daily low of $3,959.
XAU/USD rises as Middle East escalation revives inflation fearsAttacks between the US and Iran soured market sentiment despite the ongoing recovery in US equity markets. Newswires revealing a further escalation of the war are pushing the non-yielding metal higher.
Axios reported that the Trump administration is sending dozens of additional refueling planes to Israel in preparation for a potential expansion of military operations.
Data-wise, the University of Michigan Consumer Sentiment for July improved. From 50.7 to 54, due to lower gasoline prices at the pump, the report revealed. Inflation expectations for one year dipped from 4.6% in June to 4.2%, and for five years were steady at 3.3%.
Aside from this, Cleveland Fed President Beth Hammack was hawkish and expressed concern about persistent high inflation, which is at the top of her list, adding that “inflation is too high.” Hammack added that the labor market is solid and that “growth numbers are good and consumer spending is stable.”
On Thursday, the Fed’s Vice Chair Philip Jefferson said he is open to raising rates if there is no progress toward disinflation.
Money markets estimated a nearly 61% probability of a Fed rate increase at the October 28 meeting, based on Prime Terminal data. For the July meeting, the central bank is anticipated to keep rates steady, with a 76% probability.
Source: Prime TerminalNext week, the US economic docket will feature jobs data and S&P Global Flash PMIs as Fed officials entered their blackout period ahead of the July 29 policy meeting.
XAU/USD technical outlook: Gold recovers but remains bearishGold price is bearishly biased as the downtrend extends despite XAU reclaiming the $4,000 mark after bouncing off $3,959. Nevertheless, momentum remains negative as the Relative Strength Index (RSI) is bearish below its 50-neutral level. This signals that further XAU/USD downside is seen, unless buyers clear key technical resistance levels.
For a bearish continuation, the first support is the psychological $4,000. Below this level lies the low of the day at $3,959, ahead of $3,900. A breach of the latter will expose the October 28, 2025 swing low at $3,886.
Conversely, for a bullish reversal, Bullion needs to break above a descending resistance trendline between $4,125 and $4,175. Above this area, and a potential test of the 50-day Simple Moving Average (SMA) at $4,291 is on the cards. Beyond that, the 200-day SMA at $4,495 stands as the next obstacle, and once surpassed it could open the way to $4,500.
Gold daily chart Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
High Treasury Yields and Breakdown Risk Drive Bullion Sentiment Ultimately, this is a market that continues to see a lot of choppiness, a lot of noisiness. I think ultimately we are hanging on to a very important support level, and giving that up could bring in more momentum. After all, the market has taken a decidedly ugly turn over the last couple of months as non-yielding assets such as gold continue to take it on the chin.
Traders have preferred to go to the higher-yielding Treasury markets, and despite the fact that yields have slipped a little bit, they are still historically high. Because of this, the market continues to see a lot of concerns about jumping into a big uptrend without some kind of change in attitude, and external factors will need to be aligned.
Thu Lan Nguyen at Commerzbank notes that weaker United States (US inflation data briefly supported Gold, but the price has slipped back below USD 4,000 per troy ounce. With markets still pricing at least one Federal Reserve rate hike and energy-price risks from the Middle East conflict, she sees limited near-term upside, though a more dovish Fed stance could later re-ignite the Gold rally.
Limited upside unless Fed shifts"Weaker US inflation data — both consumer and producer prices surprised with slower growth in June — have dampened expectations for US interest rate hikes. While the market had previously priced in nearly two rate hikes by year-end, only a single 25-basis-point rate hike is now fully priced in. However, this provided only a brief boost to the gold price. Yesterday, it slipped back below the USD 4,000 per troy ounce mark, where it is currently trading."
"In the short term, further upside potential is likely to remain limited. With the ongoing escalation of the Middle East conflict and the resulting risk of another sharp spike in energy prices, expectations of interest rate hikes are likely to persist for some time."
"A correction, regardless of developments in the US-Iran conflict, is likely to occur only if the market's assessment of the Federal Reserve were to fundamentally change."
"But the picture could also shift again: Warsh, for example, is already suggesting that AI would boost productivity and therefore likely have an inflation-dampening effect. New York Fed President John Williams also recently made similar comments, referring to a long-term downward trend in inflation."
"If this view gains traction within the FOMC, it could mean that interest rate hikes are not considered necessary to combat current inflation."
"The price of gold would then likely benefit not only in the short term from the market pricing out interest rate hikes, but also from the fact that the market perceives increased inflation risks in the long term due to a significantly more dovish stance by the Federal Reserve."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Gold managed to hold trades below 4100 while maintain the drop pressure over market
As we see over the chart market facing support around 3940-45 while resistances at 4017 and 4050-60 which may hold this trading zone
Below 3940 more drops may hit the market while Med-Run support still at 3886 which still protecting the advance wave
Above 4060 more advance toward 4100 and 4200 will be expected
SUPPORT RESISTANCE LEVEL1 3940-45 4017 LEVEL2 3886 4050-60 LEVEL3 3700 4102 Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.
Death Cross Confirmed as Geopolitical Tensions Weigh on Bullion The US dollar could be a bit of a problem here as well; the US dollar strengthening a lot of times will work against gold. But from the structural standpoint, we are still in consolidation. The $3,900 level below is an area that had been supported as well, so it’s possible there is support between $4,000 and $3,900.
Breaking below there, then the historical support can be found at $3,500. Short-term rallies are most certainly possible, but at this point in time, the market looks like it probably needs to convince a lot of traders; it needs to prove itself, and caution will more likely be a route that a lot of traders take as we head into a weekend that almost certainly will feature Middle East headlines again.
Gold trades below $4000 level on Friday following Thursday’s break and daily close below this level (the first close well below the mark since 6 November 2025), after the price moved around 4K for almost one month, but all attacks failed to register a clear break lower.
Fresh violation of very significant 4K support may signal an end of extended directionless phase and continuation of larger downtrend from new record high, if break is sustained.
The metal came under fresh pressure as the latest escalation in the Middle East fuels inflationary risk (also partially offsets optimism from better than expected US June inflation numbers) that underpins the US dollar.
Loss of $4K support zone (including recent spike low at $3942) would expose immediate support at $3886 (28 Oct 2025), followed by $3666 (weekly Ichimoku cloud base) and $3606 (50% retracement of $1613/$5598 uptrend).
Gold is on track for the second consecutive weekly loss, with bearish daily studies contributing to negative scenario.
Conversely, failure to hold gains below $4000 would weaken developing bearish signal and keep the price in prolonged directionless mode, but biased lower as long as recent range top ($4203) stays intact.
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Gold prices rose in United Arab Emirates on Friday, according to data compiled by FXStreet.
The price for Gold stood at 471.38 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 469.48 it cost on Thursday.
The price for Gold increased to AED 5,498.09 per tola from AED 5,475.88 per tola a day earlier.
Unit measure
Gold Price in AED
1 Gram
471.38
10 Grams
4,713.81
Tola
5,498.09
Troy Ounce
14,661.61
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Philippines on Friday, according to data compiled by FXStreet.
The price for Gold stood at 7,898.31 Philippine Pesos (PHP) per gram, up compared with the PHP 7,867.96 it cost on Thursday.
The price for Gold increased to PHP 92,124.66 per tola from PHP 91,770.38 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
7,898.31
10 Grams
78,983.37
Tola
92,124.66
Troy Ounce
245,665.00
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Saudi Arabia on Friday, according to data compiled by FXStreet.
The price for Gold stood at 481.76 Saudi Riyals (SAR) per gram, up compared with the SAR 480.07 it cost on Thursday.
The price for Gold increased to SAR 5,619.25 per tola from SAR 5,599.49 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
481.76
10 Grams
4,817.68
Tola
5,619.25
Troy Ounce
14,984.61
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
