{
    "success": true,
    "data": {
        "id": 1730229,
        "msgid": "gold-prices-plummet-this-morning-are-we-ready-to-face-critical-levels-1778461055",
        "date": "2026-05-11 06:42:15",
        "title": "Gold Prices Plummet This Morning: Are We Ready to Face Critical Levels?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Gold and silver prices are expected to move within a limited range amid cautious investor sentiment, influenced by US-Iran peace negotiations and upcoming global economic data releases. On Monday (11\/5\/2026), gold opened at US$4,695.26 per troy ounce, down from the previous Friday's close of US$4,714.42, marking a reversal after a strong weekly gain of 2.18%. Market focus this week shifts to inflation data from China, Germany, and the US, as well as the Xi-Trump meeting, with a weakening dollar potentially supporting gold prices towards support at US$4,493 and resistance at US$4,894.",
        "content": "<p>Gold and silver prices are anticipated to remain range-bound amid\ninvestor caution as they assess developments in US-Iran peace\nnegotiations and the release of global economic data. According to\nRefinitiv, gold prices plunged immediately today. On Monday (11\/5\/2026),\ngold stood at US$4,695.26 per troy ounce. This contrasts sharply with\nthe end of last week. On the last trading day last week, Friday\n(8\/5\/2026), gold closed at US$4,714.42 per troy ounce, up 0.62%. This\nclosing price was the highest since 22 April 2026, over two weeks ago.\nOver the week, gold rose 2.18%, ending a two-week downward trend. Silver\nprices weakened today. On Monday (11\/5\/2026), silver stood at US$29.26\nper troy ounce. Silver surged last week, soaring 10.46% with four\nconsecutive days of gains from Tuesday to Thursday. Gold prices are\nprojected to fluctuate between support at US$4,493 and resistance at\nUS$4,894 this week. Market attention this week is on inflation data from\nChina, Germany, and the United States, as well as the meeting between\nChinese President Xi Jinping and US President Donald Trump. Geopolitical\nconflict developments and dollar movements will also be key drivers for\ngold. The dollar index has weakened significantly to 97.9, its lowest\nsince late February 2026. A weakening dollar benefits gold, as gold\npurchases are denominated in US dollars.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-plummet-this-morning-are-we-ready-to-face-critical-levels-1778461055",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}