Gold Prices Slip Amid Stronger USD: Key Levels to Watch
Gold prices are under pressure, currently at $2,736.5 per ounce, driven down by a stronger U.S. dollar. Key technical levels suggest:
Resistance at $2,762 and $2,787: Breaking above these could indicate a recovery.
Support at $2,725 and a trendline: Holding these levels may prevent further declines.
A...
Gold is making its way back to record highs, reaching $2,750 and edging up 0.2% since the start of the session.
In the current market context, gold’s rally continues, approaching new highs even as bond yields remain relatively high, trading near their three-month peak, and with the U.S. labor market showing resilience.
Safe-haven demand is driving the bid for...
