After gold fell, it consolidated in a low range. Toward the close, it surged to 4,010 before pulling back; in the early hours and into tomorrow, downside is expected to continue.


Iran ordered the Houthis to blockade the Strait of Hormuz. In essence, the Middle East comes down to Saudi Arabia–Iran rivalry, with the U.S. benefiting from both sides; higher oil prices raise inflation expectations, continuing to weigh on gold.
Friendly reminder: Market analysis is for reference only and does not constitute trading advice. Investing involves risk.
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