Headline: Gold Reverses Early Rally as Risk Appetite Fades
Gold prices flipped lower on Wednesday after an early surge lost steam, with a strong morning bid turning into session losses. The reversal came as broader market enthusiasm cooled, pushing the safe-haven metal into the red despite a brisk start.
After climbing by roughly $45 at the open, gold slid into negative territory and was recently down about $10 on the day. Selling pressure accelerated once prices crossed below the flat line, underscoring fragile sentiment across commodities and risk assets. The move highlights how quickly intraday momentum can shift in a market sensitive to interest-rate expectations and macro headlines.
From a technical standpoint, gold continues to consolidate near a closely watched zone, suggesting traders are waiting for a catalyst to break the range. Market attention is centered on the Federal Reserve’s policy outlook, potential leadership decisions at the central bank, and a forthcoming Supreme Court ruling on tariffs—all possible triggers for the next sustained move in bullion.
Key Points: – Early $45 advance in gold erased; prices now down about $10 intraday – Momentum turned negative as broader market optimism faded – Selling intensified once prices slipped below the session’s flat line – Gold remains in a consolidation phase near a key price area – Traders watching the Fed’s policy signals and leadership moves – Supreme Court decision on tariffs could influence the next directional break
