Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
Silver Sheds Gains in Gold’s Wake as Bears Probe Key $74.50 Support; Sell-on-Rallies Eyes $70 
Morgan Stanley Upgrades Winbond and Nanya to Overweight on Strong Memory Chip Market Outlook 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 
As of June 3, 2026, gold has fallen below $4,500 per ounce, giving back recent record gains as stalled U.S.–Iran peace negotiations rekindled worries about long Middle East conflict and persistent inflation. Energy costs rising on high oil prices have caused markets to give up hope for Federal Reserve rate decreases this year—Chair Powell even hinted at possible hikes—and bond yields have gone up, and the dollar index is up nearly 2% since the conflict started. Investors have liquidated holdings and sent the precious metal down as a result of a stronger dollar, growing opportunity costs for non-yielding bullion, and regular profit-taking following several all-time highs.
|
Technicals |
CMP -$4474 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$4511 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$4601 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$4651 |
CMP < 365 EMA |
Bearish |
Major support-$4400/$4350/$4000. Major bearishness below $4000. Any violation below targets $3605/$3000/$2800.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-40.94 |
|
ADX |
neutral |
Strength increased from 19.57 to 22.47 |
It is good to sell on rallies around $4498-500 with SL around $4600 for a TP of $4000/$3600.
