Gold trades bearish at $4,127 — down sharply from yesterday’s $4,195 recovery high as a resurgent dollar and risk-on sentiment triggered by better-than-expected global PMI readings drained safe-haven demand. The metal has broken below the $4,135–$4,150 support cluster, with chart structure pointing toward a test of the $4,098–$4,100 zone if selling pressure extends through the New York session.
- Euro extends decline against British Pound on France debt concerns
- Gold struggles as dovish Fed repricing meets stronger US Dollar, elevated yields
- Euro: Fiscal risks cap upside against British Pound.
- Gold Price Forecast: XAU/USD languishes below $4,200 amid high US yields
- Gold extends range play below $4,200; looks to US NFP for fresh impetus
Leave a comment