Gold Outlook: Pullback from $4,500 Ahead of Key US Data

my GBP/USD forecast

The gold outlook remains constructive despite profit-taking at the $4,500 level. Geopolitical risks and a weaker dollar continue to favor the bullion. Market participants now eye the US ADP report with more focus on Friday’s NFP. After a robust two-day rally, gold prices have paused near the $4,500 mark. Buyers are exhibiting some reluctance as…

The post Gold Outlook: Pullback from $4,500 Ahead of Key US Data appeared first on Forex Crunch.

Similar Posts