CCY:XAUUSD

Xau/usd Currency Pair News

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$4,327.89
-142.39 (-3.19%)
At Close: Jun 05, 2026
Gold remains under strong pressure as pullback continues.
The gold market has seemingly seen a bit of support at the crucial $2600 level during the early hours of Tuesday. This is an area that has been important in the recent past and should continue to be.
By contrast, Gold ETFs recorded net inflows for the sixth consecutive month in October, Commerzbank's commodity analyst Carsten Fritsch notes.
The People's Bank of China (PBoC) did not purchase any Gold in October either, according to data published last Thursday, Commerzbank's commodity analyst Carsten Fritsch notes.
The Gold price came under pressure in the immediate aftermath of Donald Trump's election victory and, with a decline of almost 2%, recorded its largest weekly loss since the end of May, Commerzbank's
Gold dips below key support levels as dollar and yields rise. Traders eye Fed comments and inflation data to gauge short-term gold market direction.
Gold (XAU/USD) trades at seven-week lows around $2,600 as it finds support from a major trendline on Tuesday. A stronger US Dollar (USD) puts pressure on the precious metal due to market perceptions t
Fed speeches and strong U.S. data drive the dollar's rally. Learn how this impacts gold, GBP/USD, and EUR/USD in the latest market outlook.

Gold retreat continues in drop below $2,600

02:55am, Tuesday, 12'th Nov 2024
The pullback in gold continues to run as price is now starting to dip to some interesting levels. The October low of $2,604 is now under scrutiny on the daily chart above with price dipping below the
Gold prices fell in Saudi Arabia on Tuesday, according to data compiled by FXStreet.
Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet.
Gold prices fell in United Arab Emirates on Tuesday, according to data compiled by FXStreet.
Gold prices fell in Pakistan on Tuesday, according to data compiled by FXStreet.
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold prices fell in Malaysia on Tuesday, according to data compiled by FXStreet.
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