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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

30 April 2026 16:34  |

Gold Rebounds Amid Escalation, Here's the Details!

Gold rebounded after three consecutive sessions of decline, as demand for safe-haven assets rebounded amid geopolitical risks. Sentiment was boosted by an Axios report that US President Donald Trump would receive a briefing on new military options regarding Iran, with US Central Command Chief Admiral Brad Cooper scheduled to brief on Thursday.

At 9:58 a.m. in London, spot gold rose 1.5% to US$4,616.42 per ounce after strengthening as much as 1.8% and returning to trading above US$4,600, following a 3.4% decline in the previous three sessions. This movement coincided with an oil rally, with crude prices hitting a four-year high of US$126 per barrel, as the market assessed the prospect of an escalation in the Middle East conflict. (gn)

Gold Price at the Time of Release of This Analysis is at $4,629

- Buy if the price moves to $4,631

- Sell if the price moves to $4,599

Resistance 2: $4,678

Resistance 1: $4,646

Support 1: $4,582

Support 2: $4,550

Note: This article is analytical in nature and not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

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