Gold Bulls Firm As Prices Rebound Above US$2,681
After the sharp drop in gold prices, a significant technical breakdown has occurred! Renowned institutions latest trade analysis: Gold prices may face another significant drop of over $20.
#Gold Technical Analysis# 24K99 News On Monday (December 2), at the end of the Asian market, spot gold continued its decline during the day, with the current gold price around $2,623 per ounce, down more than $27 for the day.
Gold Price Remains Heavily Offered Amid Renewed USD Buying Interest
Trump's remarks sparked a major market rally! Gold prices plummeted by $25. How do investors profit from closing out? Two charts to look at the technical outlook for gold.
At the start of the Asia trading session on Monday, the USD index showed an upward trend, with spot gold just experiencing a short-term sharp decline, currently falling to around $2625 per ounce, with an intraday drop of $25. The USD index is currently at 106.21, up 0.4% intraday. Analysts point out that Trump's latest tariff threat is driving the USD stronger.
Gold Slips as Trump's BRICS Currency Warning Boosts US Dollar
Gold experiences a sudden explosive market! The price of gold plummeted to a low of $2630 once, with Trump's 'astonishing' weekend remarks. How to trade gold?
On Monday morning in Asia, spot gold experienced a sharp decline, with prices briefly dropping below the $2630 per ounce mark, reaching a low of $2629.71 per ounce. FXStreet analyst Lallalit Srijandorn pointed out that in the Monday Asian session, gold prices fell due to the recovery of the dollar putting downward pressure on gold.