Gold Spot / U.S. Dollar
Long
Updated

Gold Holds the Line and Rallies – A Strong Weekly Close in Sight

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After holding firm at the support level around $3,250 per ounce, gold is on track to end this shortened trading week with a notable gain. This is an encouraging sign for investors, highlighting that gold’s appeal remains strong despite recent volatility.

The recent sell-off was not entirely unexpected, as the market recalibrates its interest rate expectations. However, the long-term bullish trend for gold remains intact, even as the price consolidates within a narrow range.
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