GOLD WEEKLY ANALYSIS

Gold closed on Friday at its weekly low after testing a high of $2,686 earlier in the session, marking a historic $150 drop in a single week since 2020 as driven by a strong US dollar and reduced expectations for Federal Reserve rate cuts, which weakened the appeal of non-interest-bearing gold. On Thursday, Federal Reserve Chair Powell indicated that there was no immediate need to lower interest rates.

Recent News

DAX making a Wedge pattern

December 30, 2024

Market Insights

DOW JONES trading on daily Support Zone

February 11, 2025

Market Insights

NASDAQ making new ATH

December 18, 2024

Market Insights

Gold Prices Hold Firm Amid Geopolitical...

March 03, 2025

Market Insights

Market Analysis: Profit-Taking Leads to...

February 15, 2025

Market Insights

Gold Rounding Top Pattern: Is this a Top...

February 27, 2025

Market Insights

Maddy

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window