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When will gold’s trend changes to bearish?
Gold futures are recovering after a three-week low, struggling to maintain momentum above $2,000. Investors eye US inflation data and Federal Reserve's rate decisions, affecting gold's value. Silver also faces a decline. Gold's direction depends on US CPI outcomes, Treasury yields, and the dollar's performance. A shift in gold's trend hinges on these economic indicators, with resistance levels at $2,055 and $2,070, supporting potential bullish control. Gold futures are trying to recover after falling to a three-week low before the announcement of US inflation data this week. Recently, the price of the yellow metal ... (full story)