Gold Prices Surge Above 2900 as Fed Cuts Spark Strong Demand
Gold (XAU/USD) remains above the crucial $2,900 level as speculation surrounding the Federal Reserve’s rate cuts ignites strong demand among investors. This upswing highlights a significant bullish trend that has captured traders’ attention. As the market navigates through various resistance levels, the spotlight now shifts to silver (XAG/USD), which has achieved a stable position around $32.00. Traders closely monitor these key thresholds for signs of further advancement. With both metals showing resilience, analysts anticipate that this trend could persist amid ongoing economic concerns.