Crucial week for Gold; Yellow metal is likely to face stiff resistance near $2050
Gold ended the week with a nearly 0.35% gain at $1,989.65, failing to close above $2,000 throughout the week. Concerns about rising inflation continued after 1Q A core PCE QoQ and 1QA GDP price Index came in higher than expected. The pending collapse of First Republic Bank means that it is set to become the third US bank to fail since March
Gold ended the week with a nearly 0.35% gain at $1,989.65, failing to close above $2,000 throughout the week. Concerns about rising inflation continued after 1Q A core PCE QoQ and 1QA GDP price Index came in higher than expected. The pending collapse of First Republic Bank means that it is set to become the third US bank to fail since March
