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January 9, 2025

Gold Rebound Towards $2725: Insights from Societé Générale

Gold has faced challenges recently as its uptrend paused after hitting resistance near $2790 in October. Analysts at Societé Générale suggest that a rebound towards last month’s high of $2725 is still possible. Investors should watch these patterns closely, as they signal gold’s potential recovery. Historical trends indicate that gold can often rebound following periods of resistance. As economic conditions fluctuate, gold remains an asset of interest for many investors. Keep an eye on market shifts that may influence gold prices in the upcoming weeks.

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