Gold Price Update: Consolidation and Key Levels
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Gold is trading near $2,625 per ounce, consolidating below the key resistance of $2,654. While geopolitical tensions support demand, a strong U.S. dollar and rising bond yields limit upward momentum.
The $2,584 support level is critical; a break below may push prices toward $2,484, while a move above $2,654 could target $2,680. Traders should watch for a breakout from the current range for clearer direction.
The $2,584 support level is critical; a break below may push prices toward $2,484, while a move above $2,654 could target $2,680. Traders should watch for a breakout from the current range for clearer direction.
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