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 Face Bearish Reversal as Hea...
April 02, 2025
Market Insights
US Tech 100 4 Hour Chart Bearish Channel...
March 17, 2025
Market Insights
Gold blazes past one week high ahead of...
May 06, 2025
Market Insights
US30 Forms a Crucial Wedge Pattern Break...
June 12, 2025
Market Insights
Dow Jones Forms Bullish Flag Key Levels...
March 10, 2025
Market Insights
Nasdaq 100 Under Pressure Resistance at...
April 24, 2025
Market Insights
