Gold Forms Head and Shoulders Pattern Key Support at $3022 and $3000 in Focus

Gold traded around $3,030 per ounce on Friday, remaining near record highs, and headed for a third weekly gain, driven by dovish signals from the Federal Reserve and safe-haven demand. On Wednesday, the Fed acknowledged rising economic uncertainty and reaffirmed plans for two rate cuts this year, boosting non-yielding gold.

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Maddy

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

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