Please wait...
GulfBase Live Support
- World economies reel from tariffs punch
- Saudi Stocks Offer Promising Investment Opportunities Despite July Decline
- Gulf Bank transitions entire recruitment process to a fully digital experience
- KFH launches salary transfer campaign
- MSX: Monthly trading value more than doubles to RO468mn in July
- OQGN gets IGC approval for 193km Fahud-Suhar gas pipeline project
- Ahlibank's rights issue oversubscribed amid strong shareholder demand
- S&P assigns OQ investment-grade rating
- Qatar's economic transformation draws investors as diversification gains momentum
- QNB Oman Gold Partner of Optimist Asian & Oceanian Championship 2025
04/08/2015 15:28 AST
Gold has halted the recent decline and has been consolidating in a range between 1080 and 1105 for the past week or so, with the price direction quite volatile and trading opportunities limited. Gold is clearly attempting to form a base here for a rally back towards 1130-1040, however a break of recent lows near 1080 will suggest another sharp down leg is underway, with 1050 the first target and 1000 below that.
A general weakness in commodities, primarily driven by Chinese economic uncertainty, is helping to depress the gold price, with the Eurozone situation a lot calmer since Greece went to the edge of the abyss and peered over a few weeks back.
Equities remain weak as the uncertainty in China weighs on prices, whilst oil continues to tumble with the price now well below $50 a barrel and looking very weak.
Support can be found at 1080, 1074, 1045, 1000, 950, 867 and 806. The break of 1130 is very bearish for gold and suggest a return to 1000-1050 in the first instance.
Resistance can be found at 1103-1106, 1110, 1130, 1142, 1147, 1163, 1170, 1175, 1184, 1204, 1208-1210, 1215, 1220-1223, 1235 and 1252-1256. Gold has broken below the 2014 lows and looks be headed much lower.
Investing.com
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 3,323.4 | 14.3 | 0.43 |
| Silver | 38.08 | 0.06 | 0.15 |
| Platinum | 1,396.5 | 2.5 | 0.18 |
| Palladium | 1,248 | -1.5 | -0.12 |
30/07/2025
Gold prices held nearly steady on Tuesday as markets turned their focus to upcoming US-China talks and the Federal Reserve's policy decision.
Spot gold steadied at $3,313.63 per ounce, by 10
Asharq Al Awsat
22/07/2025
Gold prices gained over 1% on Monday as the dollar and US bond yields weakened amid uncertainty over trade talks ahead of a US deadline of August 1 for countries to strike deals or face more tariffs.
Asharq Al Awsat
18/07/2025
Gold prices edged lower on Thursday, weighed down by a stronger dollar and robust US economic data, while caution persisted as markets awaited clarity on tariff developments.
Spot gold fell
Asharq Al Awsat
18/07/2025
UAE gold shoppers saw a significant price drop on Thursday - with gold falling by Dh5, and further declines now looking likely in the days ahead.
In Dubai, the price for 24-carat gold droppe
Gulfnews
16/07/2025
Gold surged 26 per cent in the first half of 2025, outperforming all major asset classes and recording 26 new all-time highs in dollar terms.
Fuelled by a weaker dollar, stable interest rate
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia