SPDR Gold MiniShares Trust

GLDM

Market cap $31.8B

Gold advances to a four-day high, maintaining bullish momentum after reclaiming key support, with focus shifting toward confluence resistance and higher Fibonacci-based upside targets.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

U.S. dollar's pullback provided additional support to gold markets.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Silver rally builds as soft PPI, weak dollar and falling oil lift prices, with XAGUSD targeting a 50-day MA breakout on rising rate cut bets.

Gold rallies early on Tuesday as interest rates in America are starting to slip a bit, letting gold “breathe” a bit in this environment.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Gold price holds above $4744.34 as rising rate cut odds and a weaker dollar fuel breakout potential, keeping the gold market biased higher short term.