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
Will the US CPI inflation data determine...
March 12, 2025
Market Insights
Gold ends up in the negative territory a...
July 24, 2025
Market Insights
US Tech 100 Breaks Out of Downward Chann...
March 24, 2025
Market Insights
EUR/USD stays pressured toward 1.0800 am...
March 21, 2025
Market Insights
Dow Jones Analysis
October 14, 2024
Market Insights
AUDUSD trading on daily Resistance
November 07, 2024
Market Insights
