Tuesday, 02 January 2024 12:17 GMT

Gold Could Retreat Further As Momentum Fades, WGC Says


(MENAFN- Investor Brand Network) The latest insights from the World Gold Council suggest that gold prices may face additional downside as the current momentum diminishes. This outlook comes amid conflicting signals from the U.S. Treasury Department and the Federal Reserve, which have created a complex environment for the precious metal.

As bond yields continue to rise and momentum fades, gold traders and firms like Numa Numa Resources Inc. should watch these key support and...

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