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Prepare for a major Gold market! Key data such as USA GDP is coming, FXStreet Senior Analyst's analysis on Gold Trade.
On Thursday morning in the European market, spot Gold continues to decline, with the current gold price around $2898 per ounce, down approximately $18 for the day. FXStreet senior Analyst Dhwani Mehta pointed out that the revised USA fourth-quarter GDP and speeches by Federal Reserve officials may provide new momentum for Gold traders.
Gold suddenly plummeted! The price of Gold dropped nearly 24 dollars during the day, according to the latest technical analysis by FXStreet Analyst.
On Thursday, in the Asian market's late trading session, spot Gold suddenly accelerated its decline, with the price currently dropping to around $2,892 per ounce, down nearly $24 for the day. FXStreet Analyst Haresh Menghani pointed out that from a technical perspective, the $2,888 per ounce area could serve as immediate Resistance for Gold prices.
Gold experienced a sudden plunge in the short term! The gold price briefly fell below 2905 dollars, according to FXStreet's chief Analyst for gold technical analysis.
On Thursday during the Asian market, spot Gold suddenly declined sharply in a short time, with the price just dropping to $2904.24 per ounce, reaching a daily low. FXStreet's chief Analyst Valeria Bednarik pointed out that the short-term outlook indicates limited bullish potential for Gold.
Are the USA copper tariffs imminent? Citigroup predicts a 25% tariff will be imposed in Q4 2025.
Citibank stated in a report on Wednesday that following President Donald Trump's executive order to initiate an investigation into Copper imports to the USA, a 25% tariff on Copper is expected to be implemented before the fourth quarter of 2025.
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