Chart of the day: GOLD catches breath amid shaky risk appetite recovery 🟡 (11.06.2026)

Gold halted its streak of sharp declines today, which had dragged the commodity's price down by 8.8% this week. Futures contracts broke through a series of solid support levels and are currently trading at their lowest since November 2025 at around $4,080 per ounce. A rebound in risk appetite has delayed a test of the psychological $4,000 level, but hawkish outlooks for U.S. interest rates suggest that downward pressure on the precious metal will persist.

Gold remains under intense selling pressure, breaching a series of key support levels, including the 50% ($4,670), 61.8% ($4,500), and most recently the 78.6% ($4,250) Fibonacci retracement levels. The aggressive breakdown of these barriers dragged the price down to $4,085.64, leaving the metal exposed to a test of the psychological $4,000 barrier. The RSI indicator has plunged to 26.1, signaling deeply oversold market conditions. Source: xStation5

What’s Driving Gold Prices Today?

U.S.-Iran Conflict Escalation: New missile and drone attacks in the Middle East shattered hopes for a ceasefire. Crude oil gains stalled today (OIL: -2.6%) in response to the U.S. announcing the "conclusion" of its operation, which Donald Trump labeled a "punishment for negotiating too long." On the other hand, Iran called the ceasefire "meaningless" given the recent exchange of fire, cementing the outlook for a prolonged and uncertain conflict—which in turn reinforces hawkish expectations for U.S. monetary policy.
Hawkish Fed and Rate Outlook: The Consumer Price Index (CPI) at 4.2% year-over-year has solidified expectations that the Federal Reserve will keep interest rates higher-for-longer. Because gold yields no interest, the prospect of elevated rates heavily dampens its appeal, especially given its already historically high valuations.
Cushion From Softer Core Inflation: While the headline inflation rate spooked investors by returning above 4%, the monthly core CPI grew by a mild 0.2% (2.9% YoY, in line with forecasts). This slightly softer print gave precious metals a breather and allowed them to halt their downward trend.

11 June 2026, 7:31 AM

Economic Calendar: All eyes on ECB 🇪🇺 Rate hikes coming back to Europe❓(11.06.2026)

11 June 2026, 6:55 AM

Morning Wrap: Risk appetite is back despite new exchange of US-Iran strikes (11.06.2026)

10 June 2026, 6:23 PM

Daily Summary: Stocks and gold on their knees as US will continue strikes on Iran (10.06.2026)

10 June 2026, 4:41 PM

Crude Oil Output Drops to a Two-Decades Low 🛢️ 📉 Market freezes after EIA report 📌

Commodities

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days