Gold Prices Rebound After Falling from Record Highs Amid Rate and Election Jitters
Gold prices rose on Monday, recovering from last week’s drop.
Rate and Election Uncertainty Supports Gold Demand
Concerns about interest rate hikes and the US presidential election fueled safe-haven demand.
Expert Trading Tips and Analysis for Gold, Silver, Crude Oil, and Natural Gas
Our team provides timely and accurate trading tips.
- Gold Trading Tips: Consider buying gold on dips, targeting $1,800.
- Silver Trading Tips: Monitor silver prices for potential breakout.
- XAUUSD Trading Tips: Watch for resistance at $1,785.
- Crude Oil Trading Tips: Monitor oil supply concerns.
- Natural Gas Trading Tips: Track weather forecasts.
Key Market Data:
- Gold prices rose 0.8% to $1,774/oz
- US Treasury yields fell 1 basis point
- US Dollar Index dropped to 103.20
Market Outlook:
The current market sentiment is bullish for gold.
Technical Analysis: Gold Prices
- Support levels: $1,760, $1,740
- Resistance levels: $1,800, $1,820
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