Gold price surges to nearly $2,410 per troy ounce during the Asian session on Friday. The safe-haven yellow metal gains ground as risk aversion sweeps across the financial markets following confirmation from ABC News that Israeli missiles struck a site in Iran, exacerbating tensions in the Middle East.
According to Reuters, citing Iran’s Fars News Agency, locals reported hearing explosions at the central Isfahan airport. However, the cause of these explosions remains unknown. Investigations are ongoing to determine the exact details of the incident.
On the US Dollar's front, Federal Reserve (Fed) officials conveyed hawkish messages on Thursday, leading to a surge in US Treasury yields and the Greenback, consequently curtailing the upward momentum of non-yielding assets like Gold. The stronger USD renders bullion more expensive for holders of other currencies.
Atlanta Fed President Raphael Bostic highlighted that US inflation is excessively high and emphasized that the Fed still needs to make progress on addressing inflation. Meanwhile, New York Fed President John Williams stressed the Fed's commitment to being data-dependent and expressed that he does not currently perceive an immediate need to lower interest rates.
Overview | |
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Today last price | 2412.37 |
Today Daily Change | 33.37 |
Today Daily Change % | 1.40 |
Today daily open | 2379 |
Trends | |
---|---|
Daily SMA20 | 2291.47 |
Daily SMA50 | 2166.58 |
Daily SMA100 | 2100.37 |
Daily SMA200 | 2018.33 |
Levels | |
---|---|
Previous Daily High | 2392.87 |
Previous Daily Low | 2360.92 |
Previous Weekly High | 2431.61 |
Previous Weekly Low | 2303.02 |
Previous Monthly High | 2236.27 |
Previous Monthly Low | 2039.12 |
Daily Fibonacci 38.2% | 2380.67 |
Daily Fibonacci 61.8% | 2373.12 |
Daily Pivot Point S1 | 2362.32 |
Daily Pivot Point S2 | 2345.65 |
Daily Pivot Point S3 | 2330.37 |
Daily Pivot Point R1 | 2394.27 |
Daily Pivot Point R2 | 2409.55 |
Daily Pivot Point R3 | 2426.22 |
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