Gold Price Under Pressure as Market Awaits US PCE Price Index Results
Thursday, 29 February 2024, 03:55
Gold Price Update
The gold price (XAU/USD) has shown a minor upward movement in the Asian session and is attempting to recover from the weekly low near $2,024.
Key Resistance Level
Gold price remains below the crucial barrier of $2,025, indicating a potential struggle for the precious metal to surpass this level.
- Traders are closely monitoring the price action to gauge the market sentiment.
- The $2,025 level serves as a critical point for determining the next price direction.
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