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Gold Holds Steady Within Fresh Range Near 4,500 - ActionForex
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Gold Holds Steady Within Fresh Range Near 4,500 - ActionForex
Gold pares gains below uptrend line on softer Dollar. Dip‑buyers emerge, but upside remains limited. Momentum signals maintain a neutral‑to‑bearish stance. Gold is holding steady near 4,500 on Monday, attempting to build on last session’s 2.5% rebound as a softer dollar offsets fading rate‑cut expectations. Still, the precious metal struggles to attract strong dip‑buying interest […] The post Gold Holds Steady Within Fresh Range Near 4,500 appea…
Gold prices edged higher on Monday as the dollar weakened, but gains were limited by a sharp rise in energy prices that exacerbated inflation concerns and reduced expectations that the Federal Reserve would cut interest rates this year. Spot gold rose 0.3% to $4,505.86 per ounce by 0330 GMT. U.S. gold futures for April delivery also climbed 0.3% to $4,535.80. The weaker dollar made dollar-denominated commodities more affordable for holders of ot…
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