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).
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