Gold Price: Yellow metal may see volatility with slightly downward bias this week
Spot gold experienced a 1.7% weekly loss, closing at $1,977.80, due to shifting risk sentiments, sharp moves in yields, and reassessments of the Fed's monetary policy path. The coming week is going to be yet another week of high volatility in gold prices, though as such presently bears have the upper hand. Support is at $1950 followed by $1930. Resistance comes at $2000/$2023/$2035.
Spot gold experienced a 1.7% weekly loss, closing at $1,977.80, due to shifting risk sentiments, sharp moves in yields, and reassessments of the Fed's monetary policy path. The coming week is going to be yet another week of high volatility in gold prices, though as such presently bears have the upper hand. Support is at $1950 followed by $1930. Resistance comes at $2000/$2023/$2035.
