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Gold Market Analysis: Technical and Fundamental

Gold traded around $2,620 per ounce on Monday, maintaining gains from the previous session as the US dollar softened following a benign PCE inflation report. This reignited hopes for further monetary easing by the Federal Reserve in 2025.

The Federal Reserve recently signaled a measured pace of rate cuts, which previously pressured gold prices to their lowest levels in a month. However, renewed expectations for policy easing have provided some relief for the precious metal.