Gold prices steady today; outlook remains bullish: Key technical levels to watch
Gold prices held firm on Friday (April 25), poised for a third consecutive weekly gain, as investors maintained a bullish stance amid global economic and geopolitical uncertainties. Spot gold was steady at $3,348 an ounce at 0250 GMT. US gold futures rose 0.3% to $3,359 an ounce. The metal hit a record high of $3,500.05
Gold Price Forecast: Profit Booking May Continue Unless Trade War Updates Surface- Should Buy Or Sell?
Markets now look to comments from Fed officials for policy cues. Unless President Trump or Chinese officials release any updates on the trade war, this profit booking may persist. As gold reacts to changing global fundamentals, investors need to be watchful of such important signals as US economic indicators, interest rate directions, and geopolitical uncertainties.