Gold Rebounds to $2,600 as Dollar Softens and Fed Uncertainty Looms
Gold rebounded near $2,600 per ounce on Monday after last week's sharp drop, as the US dollar rally lost steam. Strong US retail sales in October highlighted economic resilience, while mixed Fed comments kept rate cut uncertainty alive. Markets now price a 65% chance of a December 25bps rate cut, supporting gold's recovery. Key levels to watch: $2,628 (resistance) and $2,536 (support).
Recent News
Gold prices trading on firm note amid Mi...
October 28, 2024
Market Insights
AUDUSD sustains on daily lower levels, w...
October 25, 2024
Market Insights
IMPORTANT DATA's FOR THIS WEEK
October 28, 2024
Market Insights
DAX sharp recovery from the daily suppor...
October 25, 2024
Market Insights
Gold Futures Retrace Slightly but Stay E...
December 12, 2024
Live Charts
CRUDE OIL WEEKLY ANALYSIS
November 16, 2024
Market Insights
