Gold News – 25.Oct.2024
Gold News
Gold Decline: Gold eased below $2,720 per ounce on Friday, after a rise in the previous session.
Dollar & Treasury Yields: The strength of the US dollar and Treasury yields outweighed gold’s safe-haven appeal.
US Economic Data: Strong US economic data, including a sharp drop in unemployment claims and a rise in the S&P PMI, led to expectations of a less aggressive Federal Reserve rate-cutting cycle.
Geopolitical Support: Gold’s upward momentum is still supported by geopolitical tensions in the Middle East, concerns of a broader conflict, and uncertainties surrounding the US election and central bank policies.
Weekly Outlook: Gold is poised to edge higher over the week.
Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :
– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram
