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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

16 April 2026 10:41  |

Gold Rises Slightly, Market Monitors Hormuz and Interest Rate Direction

Gold prices strengthened to US$4,837/ounce as optimism over US-Iran diplomacy eased inflation concerns, although risks from the Strait of Hormuz continued to weigh on sentiment.

However, gold's potential for upside is considered limited as the market still expects the Fed to hold interest rates, while volatility and the need for liquidity could further pressure prices. Meanwhile, gold ETF flows have begun to recover after selling pressure at the start of the conflict. (asd)

Gold Price at the Time of This Analysis' Release: $4,821

- Buy if the price moves to $4,825

- Sell if the price moves to $4,812

Resistance 2: $4,844

Resistance 1: $4,831

Support 1: $4,805

Support 2: $4,792

Disclaimer:

This article is analytical in nature and is not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

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