Global gold prices are struggling to break through the $4,100 per ounce threshold, caught between conflicting geopolitical signals and institutional selling pressure.
The precious metal has entered a period of consolidation, with traders weighing the risk premium from escalating military clashes between the United States and Iran against immediate liquidity drains from major exchange-traded funds.
The SPDR Gold Trust, the world’s largest gold-backed ETF, reported net outflows during the session, exerting downward pressure on spot prices.
The SPDR Gold Trust, the world’s largest gold-backed ETF, reported net outflows during the session, exerting downward pressure on spot prices.
This institutional selling has offset the typical safe-haven buying interest that usually accompanies heightened geopolitical risk.
As a result, the market is seeing a tug-of-war between macro-driven demand and technical supply constraints, leaving prices to oscillate below the key psychological level.
This development follows a volatile weekend marked by intensified military activity between Washington and Tehran.