XAU/USD opens lower around $4,450 on fears of widening Iran conflicts
The post XAU/USD opens lower around $4,450 on fears of widening Iran conflicts appeared on BitcoinEthereumNews.com.
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally. Theoretically, accelerating global inflation expectations force central banks to hold interest rates steady for a longer term or tighten monetary conditions, which diminishes demand for non-yielding assets, such as Gold. Fears of further escalation in the Middle East war are prompted by the expectation that the United States (US) is considering a ground invasion of Iran. On Thursday, a report from the Wall Street Journal (WSJ) showed that the US Pentagon will send 10,000 additional troops to Iran. In response, Iran’s Brigadier General Ebrahim Zolfaqari warned on the Iranian state TV that “US troops will be good food for sharks of the Persian Gulf”. Meanwhile, a report from Reuters has shown that US President Donald Trump remains confident, while interviewed by the Financial Times (FT), that Washington could reach a deal with Iran soon. “Indirect talks via emissaries progressing well,” Trump said, and added, “A deal could be made fairly quickly.” Gold technical analysis XAU/USD trades lower at around $4,445 in the opening trade. The near-term bias is bearish, with price extending below the 20-day Exponential Moving Average (EMA) that now tracks well above the market and acts as dynamic resistance around $4,735. The sequence of lower closes from the $5,300 area underscores a downside trend after losing the prior consolidation band around $4,900. The 14-day Relative Strength Index (RSI) continues to stay inside the 20.00-40.00 range, indicating persistent selling pressure while leaving room for further downside before momentum exhausts. Immediate resistance emerges at $4,736, where the 20-day EMA converges with…
Filed under: News - @ March 30, 2026 1:07 am