Platinum price provided positive closes above $1605.00 level, attempting to confirm the bullish corrective scenario, to rally towards $1655.00 level, confirming the bullish corrective scenario, to rally towards $1655.00 level, benefiting from the continuation of providing positive momentum by stochastic rally above 50 level in the last period.

We expect renewing the bullish attempts in the current period, pushing the barrier at $1690.00 to form initial target for the current trading, and surpassing it will extend the trading towards $1740.00 reaching $1790.00 resstance.

The expected trading range for today is between $1620.00 and $1690.00

Trend forecast: Bullish

Domestic coffee prices today

Coffee prices today in the domestic market simultaneously decreased sharply in key production areas. According to the morning update on July 23, the purchase price fluctuated in the range of 96. 400-96. 800 VND/kg, a common decrease of 1,700-1,900 VND/kg compared to the previous session.

In Dak Lak, coffee prices decreased by 1,900 VND/kg, down to 96,600 VND/kg.

In Lam Dong, coffee prices today decreased by 1,900 VND/kg, to 96,400 VND/kg. This is the lowest level among the surveyed areas.

In Gia Lai, coffee prices decreased by 1,700 VND/kg, down to 96,800 VND/kg.

The old Dak Nong area also recorded a purchase price of 96,800 VND/kg, down 1,700 VND/kg compared to the previous session.

World coffee prices

In the world market, coffee prices simultaneously decreased in the most recent session.

On the London exchange, the September 2026 Robusta futures fell 66 USD/ton, equivalent to 1.70%, to 3,818 USD/ton. The November 2026 futures fell 52 USD/ton, to 3,799 USD/ton. The January and March 2027 futures fell 45 USD/ton and 43 USD/ton respectively.

On the New York exchange, Arabica September 2026 futures fell 2.45 US cents/lb, equivalent to 0.75%, to 322.10 US cents/lb. December 2026 futures fell 1.55 US cents/lb, to 307.90 US cents/lb. Further forwards also decreased slightly.

This development shows that domestic coffee prices are being affected by adjustments on both international exchanges.

Coffee price assessment

Coffee prices today decreased in the context of Robusta and Arabica prices in the world both going down. The decrease range of Robusta is stronger than Arabica, creating clearer pressure on the domestic market because Vietnam is a major Robusta producer.

From a global market perspective, the International Coffee Organization (ICO) said that the average ICO aggregate price index in June 2026 reached 248.90 US cents/lb, down 2.8% compared to May 2026. ICO’s report shows that the coffee market is being affected by expectations of improved supply.

For Robusta, the Coffee Annual report of the Foreign Agricultural Services Agency of the US Department of Agriculture (USDA/FAS) forecasts that Vietnam’s coffee production in the 2026-2027 crop year will reach 32.5 million bags converted to green beans. The prospect of increased supply is a factor that can curb the price increase in the medium term.

Regarding the weather, the Central Highlands is in the rainy season. The National Center for Hydro-Meteorological Forecasting forecasts that the Central Highlands region will have showers and thunderstorms in some places, especially in the late afternoon and evening with scattered showers and thunderstorms, locally heavy rain. This season’s rain may support moisture for coffee trees, but it is also necessary to pay attention to the risk of thunderstorms, high humidity and goods preservation.

BitcoinWorld

Gold Price Forecast: XAU/USD at Critical Juncture as Middle East Conflict Widens

The gold price forecast for XAU/USD has reached a critical juncture as the ongoing Middle East conflict widens, introducing heightened uncertainty into global financial markets. As of late April 2026, the precious metal is trading near key technical support and resistance levels, with its direction increasingly tied to the trajectory of geopolitical tensions.

Geopolitical Tensions Drive Safe-Haven Demand

The escalation of the Middle East conflict, particularly the widening of hostilities beyond initial borders, has significantly boosted safe-haven demand for gold. Investors are rotating capital out of riskier assets such as equities and into traditional stores of value. The conflict’s expansion has disrupted supply chains and raised energy price volatility, further supporting gold’s appeal as a hedge against economic instability. Historically, gold prices tend to rise during periods of geopolitical crisis, and current market conditions mirror those patterns.

Technical Analysis: XAU/USD at a Crossroads

From a technical perspective, XAU/USD is hovering around a critical pivot zone. The price is testing a long-term resistance level near $2,450 per ounce, a point that has capped gains in previous rallies. A decisive breakout above this level could open the path toward $2,500 or higher. Conversely, failure to hold support around $2,380 could trigger a pullback toward $2,320. Trading volumes have increased, indicating strong market participation and conviction among traders. The Relative Strength Index (RSI) remains in neutral territory, suggesting that gold is neither overbought nor oversold, leaving room for further movement in either direction.

Key Levels to Watch

• Resistance: $2,450 – A break above this level could signal a bullish continuation.
• Support: $2,380 – Losing this level may lead to a short-term correction.
• Next Target: $2,500 – Psychological round number and potential profit-taking zone.

Macroeconomic Factors and Central Bank Policy

Beyond geopolitics, macroeconomic factors are also influencing the gold price forecast. Central banks globally, including the Federal Reserve, are maintaining cautious stances on interest rates amid persistent inflation concerns. Real yields remain low, which historically supports gold prices. Additionally, several central banks, particularly in emerging markets, continue to add gold to their reserves, providing underlying demand. The combination of geopolitical risk and accommodative monetary policy creates a favorable environment for gold bulls.

Implications for Investors

For investors, the current juncture presents both opportunity and risk. Those already holding gold may benefit from further upside if tensions escalate, but a diplomatic resolution could trigger a sharp sell-off. Diversification remains key, and gold should be viewed as a portfolio hedge rather than a speculative asset. Traders should monitor headlines from the Middle East closely, as any significant developments could cause rapid price movements.

Conclusion

Gold’s price action is at a critical point, with the widening Middle East conflict acting as the primary catalyst. While the technical setup suggests potential for further gains, the outcome hinges on geopolitical developments. Investors should remain vigilant, focusing on risk management and long-term portfolio balance rather than short-term price predictions.

FAQs

Q1: Why is gold considered a safe-haven asset during conflicts?
Gold has historically retained its value during times of political and economic uncertainty. Unlike paper currencies or equities, gold is a tangible asset not tied to any single government’s creditworthiness, making it attractive when geopolitical risks rise.

Q2: What are the key technical levels to watch for XAU/USD?
The immediate resistance is at $2,450 per ounce, with support at $2,380. A breakout above $2,450 could target $2,500, while a drop below $2,380 may lead to a decline toward $2,320.

Q3: How does central bank policy affect gold prices?
Central bank policies, particularly interest rate decisions, influence gold prices through their impact on real yields and the opportunity cost of holding non-yielding assets. Low real yields and accommodative monetary policy generally support higher gold prices.

This post Gold Price Forecast: XAU/USD at Critical Juncture as Middle East Conflict Widens first appeared on BitcoinWorld.

Copper price formed bullish rally yesterday, achieving some gains by reaching $6.490 level, approaching the barrier at $6.5100, representing a confirmation key for activating the bullish trend.

The price might be forced to form some sideways trading, however the continuation of providing positive momentum by the main indicators will increase the chances of surpassing the current barrier, to expect targeting new positive stations that might begin at $6.6100 and $6.7300.

The expected trading range for today is between $6.3500 and $6.6100

Trend forecast: Bullish