Gold price recovered at the beginning of the session
Updated
Gold prices are showing strong signs of recovery after last Friday’s highly volatile session. Currently, gold remains stable within its trading range, hovering around the 2,500 USD level on the charts, demonstrating the resilience of this precious metal against external impacts.
Despite a sharp drop in prices last week, buying pressure remains dominant, keeping gold prices elevated. This reflects gold’s strength in the face of financial market volatility and interest rate expectations. The market is closely monitoring upcoming developments to shape future trends.
If upcoming U.S. economic data shows signs of slowing down, gold prices could potentially break new historical records, even surpassing the 2,500 USD mark as expectations for the Fed to cut interest rates rise. However, if the U.S. economy remains resilient, gold may face the risk of further declines.
Despite a sharp drop in prices last week, buying pressure remains dominant, keeping gold prices elevated. This reflects gold’s strength in the face of financial market volatility and interest rate expectations. The market is closely monitoring upcoming developments to shape future trends.
If upcoming U.S. economic data shows signs of slowing down, gold prices could potentially break new historical records, even surpassing the 2,500 USD mark as expectations for the Fed to cut interest rates rise. However, if the U.S. economy remains resilient, gold may face the risk of further declines.
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