Key Highlights Gold started a fresh increase above the $2,600 support. A connecting bullish trend line is forming with support at $2,630 on the 4-hour chart. Oil prices are struggling to recover above the $70.50 resistance. EUR/USD is consolidating losses near the 1.0520 level. Gold Price Technical Analysis Gold prices remained well-bid near the $2,600 […]
Gold prices dipped below 2,620.00 USD per troy ounce on Friday, marking a second consecutive session of decline. The value of the precious metal continues to be influenced by developments in US economic indicators and expectations surrounding the Federal Reserve’s monetary policy. Investor attention is particularly focused on the upcoming November US labour market data, […]
The post Gold Prices Dip but Remain Supported by Fed Rate Cut Expectations appeared first on Action Forex.
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