Finances

• Gold stalls below the 100-day SMA as Treasury yields bite.

• Fed hike odds near certainty, keeping non-yielding bullion pressured.

• A break below $4,275 could reopen broader downside momentum.

Gold (XAU/USD) price holds firm on Tuesday, capped on the upside by solid resistance at the 100-day Simple Moving Average (SMA) at $4,328, while broad US Dollar strength and elevated US bond yields weighed on the non-yielding metal. At the time of writing, the XAU/USD pair trades at $4,295, down 0.06%.

XAU/USD stalls beneath key resistance as Fed hike becomes near certainty

The Houthis' attack on the Saudi Arabia East-West Oil pipeline pushed energy prices higher and would shut production of around 7 million barrels a day for at least three to five weeks. Investors fearful of another round of inflation pushed the US 10-year Treasury yield past the 5% threshold to levels not seen in almost 19 years, before stabilizing at…

• Gold rises as Middle East peace hopes pressure Oil prices.

• Weaker US Dollar and lower Treasury yields support bullion demand.

• Traders eye CPI, PPI, Retail Sales and Fed speeches.

Gold (XAU/USD) rises some 0.75% on Friday as financial markets remain optimistic about a possible end to the Middle East conflict, which could potentially drive Oil prices lower and ease inflationary pressures. At the time of writing, the XAU/USD pair trades at $4,711 after bouncing off daily lows of $4,673.

XAU/USD climbs as falling yields offset solid US payrolls

Tensions in the Middle East remain high as Iran prolongs its answer to the US 14-point memorandum proposal to end the conflict. The Secretary of State, Marco Rubio, said that they’re waiting for a response, while both countries exchanged fire within the Persian Gulf, and the United Arab Emirates (UAE) was under attack.

• Gold posted back-to-back gains as Japan’s intervention pressured the Dollar.

• Iran’s proposal weighed on oil prices and improved broader risk sentiment.

• Fed hawkishness and higher-for-longer bets limited bullion’s upside momentum.

Gold (XAU/USD) prints back-to-back days of gains, up over 0.50% as the US Dollar extends its losses amid Japan’s intervention in the market, while news that Iran submitted a new proposal drove oil prices lower. At the time of writing, the AU/USD trades at $4,643 after bouncing off daily lows of $4,560.

Bullion gains as Iran proposal cools oil but Fed hawks cap upside

Wall Street trades in positive territory amid news that Iran sent a proposal to the US via Pakistan, which weighed on oil prices, with WTI seen trading at $101.91 per barrel, down over 3%. The central bank’s weekly festival, led by the Federal Reserve, revealed that policymakers might keep interest rates “higher for longer,” due to…

• Gold struggles to capitalize on a modest Asian session uptick to a four-week high.

• Hormuz risks eased the recent USD selling bias, which caps gains for the commodity.

• Iran diplomacy hopes and receding Fed rate hike bets keep a lid on the USD bounce.

Gold (XAU/USD) hits a nearly four-week high during the Asian session on Wednesday, though it lacks follow-through buying and currently trades just below the $4,850 level, nearly unchanged for the day. The US Dollar (USD) selling seems to have abated for the time being, and is seen acting as a headwind for the commodity. However, hopes for Iran diplomacy and diminishing odds for a rate hike by the US Federal Reserve (Fed) keep the USD bulls on the sidelines, supporting the precious metal.

US Vice President JD Vance, speaking at a public event, again struck a cautiously optimistic tone and said that Washington is pursuing a…