Traders now expect the Fed to hold rates steady
For the week, gold is set for its best performance since mid-November last year.
However, the technical setup is still bearish, given resistance at the $2,760/oz level is holding firm.
Higher interest rates reduce its appeal as a non-yielding asset
However, the technical setup is still bearish, given resistance at the $2,760/oz level is holding firm.
Higher interest rates reduce its appeal as a non-yielding asset
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