CCY:XAUUSD

Xau/usd Currency Pair News

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$4,250.06
+174.27 (+4.28%)
At Close: Aug 05, 2026
Gold: Fed hawkishness and Dollar strength weigh on prices – UOB
Gold prices have come under pressure once again this morning. The precious metal is now down for the third consecutive week and the fourth consecutive month at the time of writing.
The ongoing US-Iran ceasefire amid Iran-Israel tensions allowed gold and silver to focus on technical levels. Gold retested $4,172 support while silver traded at $65.24.
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold weakens further below $4,200 as hawkish Fed and Iran uncertainty boost USD
Gold and silver remain under pressure as the Fed's hawkish signal supports the US dollar and Treasury yields, while the US-Iran peace agreement may limit downside risks.
Gold ‌prices were on track for a third consecutive weekly fall, slipping more than 2% on Friday, as a stronger dollar and hawkish signals from the U.S. Federal Reserve weighed on the greenback-price
Gold declines to near $4,200 as hawkish Fed stance offsets support from US-Iran peace deal
The price action early next week is crucial.
Gold extends its decline after failing resistance near $4,382, with price now testing key Fibonacci support zones that may determine whether the broader downtrend continues.
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