Gold Prices Unable to Hold $5,000 Level in Quiet Holiday Trading

XAU/USD battle around $5,000 continues

XAU/USD Current price: $4,991 US markets are closed at the beginning of the week amid the celebration of Presidents’ Day. Nuclear talks between the United States and Iran will take place in Geneva on Tuesday. XAU/USD turned neutral in the near term, sellers defend the $5.000 threshold. Spot Gold has spent most of this Monday trading in a tight range around the $5,000 mark, shedding some ground in the American afternoon, yet lacking directional …

Can Gold Defend The $4,950–$5,000 Zone During Thin Holiday Volumes?

Gold is sitting on a tight technical floor as liquidity dries up. A clean break likely needs weak data or heavy selling. On February 17, Gold traded around $4,951 with April futures at $5,017 Earlier in the session, prices fell more than 1% before stabilizing inside the $4,950-$5,000 range.  Trading conditions were unusually thin as […]

Gold prices unable to hold $5,000 level in quiet holiday trading

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Gold price dips below $5,000 in holiday-thin trade as dollar firms; Fed minutes next

Gold dropped 1.3% to $4,976.37 an ounce Monday, falling below $5,000 as a stronger dollar and thin holiday trading weighed on prices. U.S. markets and China’s Shanghai Futures Exchange were closed for holidays, limiting liquidity. Spot silver slipped 0.6% to $76.92, while platinum and palladium moved less than half a percent each. Traders cited profit-taking and a lack of new catalysts. The post Gold price dips below $5,000 in holiday-thin trade…

Gold Price Forecast: Gold Hovers Around $5,000 as Analysts Eye $6,000 Milestone

Key highlights: Gold failed to hold gains above $5,000 in quiet holiday trading, facing muted selling pressure. Major institutions including BNP Paribas and Wells Fargo see potential for gold to approach or exceed $6,000. CoinCodex’s algorithmic forecast projects gold reaching $6,000 within the next three months. Gold is currently trading at around $4,975 as the precious metal continues to range around the $5,000 level. In the last week, the g…

Gold and Silver Analysis: Holiday Trading Drives Consolidation Within Bullish Structure

Gold and silver remain in holiday-driven consolidation, but softer US inflation, weaker yields, and a softer dollar keep the broader bullish structure intact.