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Gold (XAU/USD) stalls at critical $4900/oz resistance as bear signal flashes
Gold prices experienced a rollercoaster session on Wednesday, April 8, 2026, as a sudden shift in the geopolitical landscape forced traders to reassess their risk premiums. After testing intraday highs near $4,850/oz level following news that a two-week ceasefire has been reached between the US and Iran. Spot gold (XAU/USD) faced a corrective pullback toward the $4,780 level as the day progressed however as risks of a ceasefire violation and overall concern keep bulls in check. For weeks, the "war premium" has been the primary engine for the decline in precious metals. The reason being that the rise in Oil prices ... (full story)