old Prices Tumble as Investors Book Profits Amid US Election and Fed Policy Uncertainty
Gold prices fell due to profit booking.
Uncertainty Weighs on Gold Prices: US Election and Fed Policy
US election and Fed policy uncertainty.
Expert Trading Tips and Analysis for Gold, Silver, Crude Oil, and Natural Gas
- Gold Trading Tips: Buy gold futures on dips.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Buy on dips.
- Crude Oil Trading Tips: Monitor oil supply.
- Natural Gas Trading Tips: Track weather forecasts.
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