Gold Recovers from Session Lows Despite Intraday Weakness
From thegoldforecast.com
Gold demonstrated resilience today, closing higher despite trading to both a lower low and lower high during the session. Prices opened under pressure, reaching an intraday low of $3,997 before staging a recovery. This rebound prevented what would have been the fourth consecutive day of declining prices. The central question facing gold markets continues to be whether the Federal Reserve will implement a rate cut or maintain current interest rate levels at the upcoming FOMC meeting. With inflation running near 3%—a level typically inconsistent with rate cut considerations—the December meeting presents an unusual ...
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