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Gold prices returned to the 4,000 USD per troy ounce mark on Tuesday, partially recovering from the previous day’s 3.2% decline. The initial sell-off was triggered by encouraging developments in US-China trade negotiations. According to officials, the two sides reached a framework agreement on tariffs and several key issues during talks in Malaysia. This paves […]

The post Gold Rebounds to 4,000 USD Mark appeared first on Action Forex.

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24/01/2024

Gold Price Recovery Faces Hurdles, Bitcoin Dives

Key Highlights Gold prices are struggling to recover above the $2,040 resistance. A key bearish trend line is forming with resistance near $2,040 on the 4-hour chart. Bitcoin price declined heavily and traded below $40,000. The US Manufacturing PMI could remain at 47.9 in Jan 2023 (Preliminary). Gold Price Technical Analysis Gold found support near […]
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