Gold Gets Tailwind From Fundamentals, But a Key Technical Test Lies Ahead
Gold’s August rebound is strengthening as softer inflation, weaker jobs data and easing geopolitical risk cut Fed‑hike odds, but a decisive break above $4,500 remains the key technical test.
Gold prices are going up because inflation is cooling down and the Federal Reserve might not raise interest rates as much, which makes gold more attractive to own. Watch whether gold can stay above $4,500—that level will tell us if this upward move is real and lasting.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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