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Gold prices have room to move lower as fundamental and technical headwinds grow - Saxo Bank
A perfect storm is brewing in the gold market as a technical breakdown and shifting market fundamentals outweigh gold’s safe-haven appeal as the U.S. and Israel continue to wage war against Iran, creating a global supply-chain bottleneck. In the last week, Ole Hansen, Head of Commodity Strategy at Saxo Bank, has been watching gold’s 50-day moving average just below $5,000 an ounce as an important line in the sand. That initial support level broke at the start of Wednesday’s European trading session and has dragged gold prices to a six-week low. Spot gold last traded at $4,888 an ounce, down more than 2% on the ... (full story)
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Gold futures prices slid below the $5,000 mark as hot PPI data fueled inflation concerns ahead of the Fed interest rate decision. Phillip Streible of Blue Line Futures breaks down the technical support and resistance levels for Gold, Silver, and Copper futures. The report highlights headline PPI rising 0.7% month-over-month, significantly higher than ...
Israel, out of anger for what has taken place in the Middle East, has violently lashed out at a major facility known as South Pars Gas Field in Iran. A relatively small section of the whole has been hit. The United States knew nothing about this particular attack, and the country of Qatar was in no way, shape, or form, involved with it, nor did it have any idea that it was going to happen. Unfortunately, Iran did not know this, or any of the pertinent facts pertaining to the South Pars attack, and unjustifiably and unfairly attacked a portion of Qatar’s LNG Gas facility. NO MORE ATTACKS WILL BE MADE BY ISRAEL pertaining to this extremely important and valuable South Pars Field unless Iran unwisely decides to attack a very innocent, in this case, Qatar - In which instance the United States of America, with or without the help or consent of Israel, will massively blow up the entirety of the South Pars Gas Field at an amount of strength and power that Iran has never seen or witnessed before. I do not want to authorize this level of violence and destruction because of the long term implications that it will have on the future of Iran, but if Qatar’s LNG is again attacked, I will not hesitate to do so. Thank you for your attention to this matter. President DONALD J. TRUMP Trump says Qatar was in no way involved in the attack. Just in | Trump Claims U.S. Was Unaware of Israeli Attack on Iranian Facility Trump states the United States will respond if there is another attack on Qatar’s LNG.
From vtmarkets.com | Mar 18, 2026
Gold (XAU/USD) fell more than 2.20% on Wednesday, trading at $4,878 after a daily high of $5,016. It dropped below the 50-day Simple Moving Average at $4,961 as US yields rose and inflation data reduced expectations of rate cuts. The US Dollar Index rose 0.29% to 99.84, alongside higher oil prices. Israel reported an attack on Iran’s Pars gas field ...
