Commodity Roundup: Analysts See Sustained Rally in Gold, ING Forecasts Brent to Avg $72 Over 2025
The moment that will determine the fate of gold has arrived! USA CPI could trigger a major gold price movement. How to trade gold?
In early European trading on Thursday, spot gold maintained an intraday rebound trend, with the current price of gold near $2615 per ounce. FXStreet senior analyst Dhwani Mehta pointed out that the gold price has fallen below the 21-day moving average, and after breaking this key average, the fate of gold depends on the usa CPI.
Behind the frenzy of gold buying, a mysterious buyer has been exposed!
As an ally of the USA, this country may have been quietly buying gold...
The rebound in gold prices may only be a "flash in the pan"! Well-known institutions warn: be cautious of gold prices falling below this level, triggering a sharp decline.
#Gold Technical Analysis# 24K99 News On Thursday (October 10), during the Asian session closing, spot gold maintained an intraday rebound trend, with the current price near $2616 per ounce.
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