Gold Price Retreats After Record Highs; Market Reacts to Dollar Strength
Gold prices took a dip after reaching a peak of $3,057 as traders began to book profits following the recent surge. The unsettling climb was met with a firming dollar, which ultimately capped the gains. The key support level rests at $2,880, which may entice fresh buying opportunities in the weeks to come. Despite the recent pullback, the bullish trend for gold remains intact, and traders should stay alert to market fluctuations.