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 price holds steady above $2,600 as...
November 13, 2024
Market Insights
DOW JONES making a bullish flag near to...
July 02, 2025
Market Insights
4H Chart: Consolidation phase, Daily Str...
September 09, 2025
Market Insights
DAX sharp recovery from the daily suppor...
October 25, 2024
Market Insights
Gold coils in a Falling Wedge pattern ah...
August 01, 2025
Market Insights
Dow Jones Poised for a Powerful Breakout...
October 24, 2025
Market Insights
