11 articles · Updated · The Wall Street Journal · May 1
The metal held at $4,617.13 an ounce in Asia, with Simon-Peter Massabni of XS.com highlighting mounting pressure from stalled Middle East diplomacy.
He said fading expectations of near-term US Federal Reserve easing were also weighing on bullion, reducing support from lower-rate hopes.
Large-scale outflows from gold exchange-traded funds added to the pressure, leaving prices steady rather than extending gains despite geopolitical tensions.
With the Fed holding firm, can the global de-dollarization trend alone rescue gold from its current downturn?
As investors flee gold ETFs in record numbers, why are the world's central banks buying so aggressively?
Is Bitcoin's surge signaling the end of gold's long reign as the ultimate safe-haven asset?