XAUUSDGold (XAU/USD)
4,525.60
-0.77%
SUPPORT:44504380
RESISTANCE:46004680
Past
What happened
Gold fell 0.8% to $4,525 as a firmer dollar and higher real yields drew money out of bullion, even with Iran tensions simmering.
Why
Why it matters
The 10Y at 4.47% raises the opportunity cost of holding non-yielding gold; this week the safe-haven bid is being out-competed by oil.
Watch
What to watch
$4,450 is first support; a soft JOLTS or payrolls print that revives rate-cut bets is the catalyst to retest $4,600.
HEADLINES
- Gold tumbles as oil rebounds and US-Iran deal remains in limboYahoo Finance
- Gold prices today, Monday, June 1: Gold prices moving lower this morningYahoo Personal Finance
- Gold Edges Lower; Investors Focus on Energy-Driven InflationThe Wall Street Journal
- Gold steady amid uncertainty over US-Iran peace negotiationsReuters
- Activist Elliott Builds Over $716 Million Stake in Australian Miner Northern StarThe Wall Street Journal