XAUUSDGold (XAU/USD)
4,560.70
-2.51%
SUPPORT:45224446
RESISTANCE:45994675
Past
What happened
Gold dropped $117 (-2.5%) to $4,561 as Iran-Hormuz reopening talk between Trump and Xi cut the geopolitical premium, while US 10-year yields surged to 4.56% on a hot PPI print.
Why
Why it matters
Gold's been priced for tail risk + falling real yields; today's PPI flipped the second leg. With central-bank buying still firm and JPM/SSGA targeting $5,000, dips are still being bid into.
Watch
What to watch
$4,495 (50-day) is the line that decides whether this is a flush or a trend break. Hormuz headlines + Warsh's tone as new Fed chair are the next two binary events.
HEADLINES
- Gold and silver prices today, Friday, May 15: Prices headed for weekly losses with Iran negotiations at a standstillYahoo Personal Finance
- Gold Falls as the USD and Treasury Yields Surge on Inflation WorriesMT Newswires
- Central Banks Are Snapping Up Gold, ETF Investors Are Just Waking Up: The Best Gold ETFs to Own Before It Hits $5,00024/7 Wall St.
- Elemental agrees to acquire Vizsla Royalties for $239mMining Technology
- Basic Materials Roundup: Market TalkThe Wall Street Journal