Gold snaps a two-day losing streak near $4,425.55 early Tuesday, looking toward the $4,465 area on a soft dollar.
Gold has snapped a two-day losing streak early Tuesday, staging a comeback toward $4,450 after finding buyers below $4,400. A daily-chart stamp on the same page puts XAU/USD at $4,425.55.
The page says acceptance above the 21-day SMA at $4,465 is critical for bulls, with price remaining capped by the 21-day SMA near $4,465.07. The US Dollar sits at two-week lows against its six major peers as the ongoing USD/JPY sell-off counters hawkish Fed bets and Iran retaliation warnings; the yen extends its rally to seven-month highs on aggressively hawkish BoJ repricing — a USD tailwind for gold, attributed here. USD/JPY Asia. Iran/Persian Gulf retaliation color is already covered — US–Iran tanker strikes.
Distinct from Monday’s gold ~$4,395, Friday’s NFP tumble, and PBOC Aug gold.
Also see: Gold Slides Below $4,400 as Fed Hike Bets and Mideast Jitters Revive USD Demand.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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