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
AUDUSD consolidate on daily lower levels
November 18, 2024
Market Insights
DAX Poised to Test Key Support Level
December 20, 2024
Market Insights
Crude Oil Faces Key Support at $60 Amid...
March 22, 2025
Market Insights
EUR/JPY cools off amid dampened market s...
March 13, 2025
Market Insights
DAX making H&S on long view.
November 15, 2024
Market Insights
NASDAQ making a Symmetrical in 1HR
February 12, 2025
Market Insights
