Gold Prices Drop as Investors Book Profits Amid US Election and Fed Policy Uncertainty
Gold prices fell on Monday.
Profit Booking and Uncertainty Weigh on Gold Prices
US election and Fed policy uncertainty.
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Key Market Data:
- Gold prices fell 1.5% to $1,485/oz
- US dollar index rose 0.2% to 104.80
- US Treasury yields increased to 4.52%
Market Outlook:
The current market sentiment is bearish for gold.
Technical Analysis: Gold Prices
- Support levels: $1,480, $1,460
- Resistance levels: $1,500, $1,520
What’s Next for Gold Prices?
Investors await US election results.
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Additional Sections:
How to Trade Gold Amid US Election Uncertainty
Impact of Fed Policy Uncertainty on Gold Markets