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Gold forecast remains positive as metal eases on profit-taking
Today’s 1% drop in gold prices appears to be driven by profit-taking, as it comes amid a quiet day for data and follows a decent 2.5% rally last week. However, our gold forecast remains bullish, with the precious metal potentially heading towards its third consecutive month of gains. Get our exclusive guide to gold trading in Q2 2024 Last week, gold shined before experiencing a slight retreat at the beginning of this week. Its resilience has been notable since the release of weaker-than-expected April non-farm payrolls data. The metal received additional support in the latter part of last week as the dollar ... (full story)