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Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Gold and silver remain under pressure as Fed rate hike expectations rise, placing the $4,350 and $64 support levels in focus.
Malaysia Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold drops to nearly two-week low as hawkish Fed bets rise amid oil-driven inflation fears
Pakistan Gold price today: Gold falls, according to FXStreet data
TL;DR: Gold's fall from 4,697.07 to around 4,423 looks more like a correction than a reversal — Warsh repriced rate timing and trimmed some fiscal-credibility premium, but the longer-run Fed path and US fiscal arithmetic are unchanged, leaving the 4,320-4,338 support cluster as the level that would need to break to challenge that base case.
Gold Price Forecast: XAU/USD battles key support amid renewed Iran and Fed hike risks
EUR/USD retreats from highs while key support holds firm
Silver Price Forecast: XAG/USD falls to near $66.00 amid Fed Chair Warsh's hawkish tone
Looking at the 4-hour chart, the pair traded below a bullish trend line with support at 1.1655. There was a clear move below the 50% Fib retracement level of the upward move from the 1.1511 swing low to the 1.1710 high.
Gold drifts lower below $4,450 as hawkish Warsh remarks lift Fed hike bets
PBOC sets USD/CNY reference rate at 6.7828 vs. 6.7811 previous
The $40 trillion debt is not America's only problem - Buy gold
The Australian dollar snapped an eight-week winning streak after Fed Chair Kevin Warsh's hawkish Jackson Hole speech revived US rate-hike bets. Yet stronger Australian inflation and household spending have also raised expectations of another RBA hike, leaving AUD/USD caught between competing policy risks ahead of Australian GDP and US nonfarm payrolls.
