Gold Prices Forecast: Moving Average Resistance, Elevated Yields Capping Gains Gold is trading below 50-day moving average, indicating bearish trend World Gold Council is reporting 56% decrease in central bank buying Gold prices are down 5% from record high of $2,449.89, facing pressure from strengthening dollar and rising Treasury yields Investment #Trading #commodities Gold Prices Forecast: Moving Average Resistance, Elevated Yields Capping Gains Gold is trading below 50-day moving average, indicating bearish trend World Gold Council is reporting 56% decrease in central bank buying Gold prices are down 5% from record high of $2,449.89, facing pressure from strengthening dollar and rising Treasury yields Investment #Trading #commodities

By Raj Gaurav Rai Jul 2, 2024 No Comments #market