Gold Spot / U.S. DollarUpdated Gold Price Declines – Bearish Momentum Strengthens
Gold continues its downward trend today, currently trading around $2,858, marking a significant pullback from its recent highs. The metal has weakened further under the pressure of a strengthening U.S. dollar, which has been fueled by rising expectations that the Federal Reserve will maintain higher interest rates for longer. Additionally, concerns over global economic stability have caused investors to shift towards the dollar, putting further selling pressure on gold.
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Disclaimer
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