Gold prices regain their luster with an early rebound, amid anticipation of global market movements - صوت الإمارات

AI desk brief

Gold futures for December 2026 rebounded 0.43% to about $3,915.75/oz, up $16.85 from the prior close, as buyers stepped back in after a recent selloff pushed prices to multi-week lows. The piece says the bounce was driven by bargain-hunting, while traders remain focused on global economic data and major-currency moves that affect safe-haven demand.

Despite the early recovery, gold is still down 3.05% over the past week, 5.94% over the past month, and 15.71% over six months. Technical signals remain negative on daily and weekly timeframes, suggesting the market is still vulnerable unless a new catalyst emerges.