Gold Price Update: Weekly Decline Amid Hawkish Fed Signals
Market Outlook for Gold
Bearish Factors
- The Federal Reserve's hawkish stance continues to weigh on gold prices.
- Declining physical demand from India adds to the downside pressure.
Supportive Factors
- Ongoing geopolitical risks may lend some support to gold's safe-haven appeal.
Technical Levels to Watch
- Key Support: $2,550 per ounce – A break below this could trigger further downside.
- Key Resistance: $2,625 per ounce – A recovery above this level may signal stabilization.
Recent News
US Tech 100 Near Support Zone Will It Br...
March 12, 2025
Market Insights
Dow Jones Holds Above Trendline Support,...
September 22, 2025
Market Insights
Swissie looking for a bottom formation
April 02, 2025
Market Insights
DAX faces snap election as Scholz's coal...
November 07, 2024
Market Insights
AUD/USD awaits a breakdown for the next...
November 12, 2024
Market Insights
Dow Jones Industrial Average at a Crucia...
May 21, 2025
Market Insights
