https://www.instagram.com/vanessaclarkipaiThis is your Daily Gold Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Gold Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on gold prices, whats shaking the market, and some smart moves you can make right now.
Gold is trading around $5,105 per ounce as of this evening, up a bit over half a percent on the day after a rough week. MarketPulse reports its down about three percent week-to-date, pulling back from that wild intraday high of $5,420 sparked by the US-Iran war tensions. Despite the geopolitical drama, higher oil prices from a twenty-one percent surge in West Texas Intermediate crude have boosted inflation fears, pushing US ten-year Treasury real yields up twenty basis points to one point eight six percent. That makes holding non-yielding gold more expensive, capping the safe-haven rally.
But heres the good news: USA Gold says Chinas soaking up the dip with firm premiums, acting as a strong floor, while gold ETFs saw five point three billion in inflows last month. Technically, its holding key support near $5,046, the twenty-day moving average and Fibonacci level. FX Empire notes Asians are buying dips, with potential to rebound above $5,280 toward $5,448 if it breaks out.
For you listeners, this pullback amid war news screams buy-the-dip opportunity. If youre stacking physical gold, lock in now before institutional buyers push it higher. Watch that $5,046 support, and consider dollar-cost averaging to smooth volatility. Stay savvy out there.
Thanks for tuning in, friends. Hit subscribe, share with a buddy, and well catch you next time on Daily Gold Price Tracker. Take care!
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