Gold Shows Tentative Signs Of Stability, Options Hint At Mild Recovery
From forex.com
Gold is on track for a second consecutive weekly decline from its record high — its first such bearish sequence in more than four months. Prices have slipped below $4,000, but the question now is whether they can recover over the near term. With Jerome Powell signalling another 25bp Fed cut in December, gold may be able to find some stability. If US data continues to improve, we could even see gold rise alongside the US dollar. That could keep gains on gold capped to a degree, but given how gold rebounded following a brief dip below $3,000 earlier this year, traders should remain alert for a potential short-term ...
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