Z Forex
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+XAUUSD Update
Gold is trading around $4,275, down roughly 1.7% on the day, as hawkish Fed repricing continues to outweigh safe-haven demand from Middle East tensions.
Hotter US inflation and Treasury yields pushing toward 5% have increased the opportunity cost of holding gold, even as oil and geopolitical risks remain elevated.
Technically, gold is trading below the 50-day SMA with momentum still weak. $4,220 is the key near-term support, while a break below that area could expose deeper downside. On the upside, gold would need to recover above roughly $4,400–4,500 to improve the short-term structure.
Gold is trading around $4,275, down roughly 1.7% on the day, as hawkish Fed repricing continues to outweigh safe-haven demand from Middle East tensions.
Hotter US inflation and Treasury yields pushing toward 5% have increased the opportunity cost of holding gold, even as oil and geopolitical risks remain elevated.
Technically, gold is trading below the 50-day SMA with momentum still weak. $4,220 is the key near-term support, while a break below that area could expose deeper downside. On the upside, gold would need to recover above roughly $4,400–4,500 to improve the short-term structure.