https://www.instagram.com/vanessaclarkipaiThis is your Daily Gold Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Gold Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on gold prices, whats driving the market, and some smart tips to help you navigate this volatility.
Right now, the spot price for gold is sitting around 4830 dollars per ounce, according to Natural Resources Stocks. Thats per ounce, about 155 dollars per gram, or roughly 155 thousand dollars per kilo. Gold bounced about 1 percent today after a brutal six-day losing streak, the longest since late 2024, hitting a low near 4818 dollars yesterday. Investing.com notes futures are trading near 4836, in a corrective dip within a bigger uptrend, flirting with key support around 4796.
The big story is the Federal Reserves hawkish hold on rates at 3.5 to 3.75 percent. Their guidance dashed hopes for quick cuts, strengthening the dollar and pushing gold down over 3 percent Wednesday. Add in sticky inflation from oil spikes tied to the US-Israel-Iran tensions since late February, and youve got gold dropping 11 percent from highs above 5400 dollars. Yet, its still up big year-to-date in a structural bull market fueled by central banks and geopolitics.
Technically, were watching support at 4800 to 4696 for a potential cycle low this week, per Investing.com analysis. Banks like JP Morgan see 6300 dollars by year-end.
Actionable takeaway: If youre holding gold, hang tight through this shakeout, but set stops below 4800 to protect gains. New buyers, wait for a bounce above 4900 for bullish confirmation, or dip-buy near support if youre bullish long-term. Stay diversified, friends gold shines in chaos.
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