Central Bank Appetite Keeps Gold Elevated Near $4,570 Despite Bearish Drift
Gold holds near $4,570 with modest gains as institutional demand meets dollar uncertainty and real yield signals keep traders cautious.
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Gold holds near $4,570 with modest gains as institutional demand meets dollar uncertainty and real yield signals keep traders cautious.
Gold topped 4,537 per ounce in the evening session as softening Fed rate expectations and cautious risk appetite drove buyers back into the precious metal.
Gold shed nearly 3% to $4,543.60 as a firmer dollar and fading Fed easing bets weighed on bullion, pulling prices back from an intraday high near $4,670.
Gold edged up 1.22% to $4,739 Thursday, staying near record territory as institutional buying and a cautious macro backdrop kept demand firm.
Emerging markets led by China and India represent nearly half of global gold demand, offsetting short-term price pressure from geopolitical turmoil and
XAU trades near $4,807.60 with $4,820.40 as the first upside test, while short-term support holds near $4,767.60.
XAU trades near $4,747.10 with $4,762.50 as the first upside test, while short-term support holds near $4,732.05.
XAU trades near $4,787.40 with $4,820.00 as the first upside test, while short-term support holds near $4,752.70.
XAU trades near $4,761.90 with $4,791.00 as the first upside test, while short-term support holds near $4,744.90.
XAU trades near $4,779.50 with $4,810.00 as the first upside test, while short-term support holds near $4,752.70.