Gold Finds Support Near 2600 and Bounces Back
Gold price, represented by XAU/USD, finds solid support near 2600 after a drastic drop of over 3% on Monday. This decline washed away significant gains from the previous week. Market analysts highlight how recent events, including Scott Bessent’s nomination as US Treasury Secretary, contribute to market fluctuations. Tensions in the Middle East could also influence trading sentiment globally. As trading continues, keep an eye on gold movements that may reflect changing market dynamics. Price action and geopolitical events are crucial for understanding the gold market’s next steps.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]