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
NASDAQ bounce on 4hr support, making bul...
June 20, 2025
Market Insights
DAX bounce back from Daily Support leve...
November 20, 2024
Market Insights
DAX making H&S on long view.
November 15, 2024
Market Insights
US Tech 100 Rallies Strongly Bullish Fla...
May 13, 2025
Market Insights
DAX dips as earnings reports trigger a m...
October 30, 2024
Market Insights
DAX tumble due to US Election
November 06, 2024
Market Insights
