Precious Metals Rally as Dollar Weakens and Fed Meeting Looms
TL;DR Summary
Gold prices rebounded from three-week lows as the dollar weakened following positive Chinese data and a stronger euro. Investors are now focusing on the upcoming Federal Reserve meeting for guidance on interest rates. Gold held above the $1,900 level, indicating resilience and investor interest. Other precious metals, including silver, platinum, and palladium, also saw gains supported by positive Chinese data.
- Gold gains as dollar slips, focus shifts to Fed meet next week Reuters
- Gold Price Forecast: XAU/USD needs a weekly close above key $1,920 barrier to extend recovery FXStreet
- Silver climbs over 2% after strong Chinese data Economies.com
- US dollar at resistance: gold, silver, stocks, up Kitco NEWS
- Price rebounds for gold, silver to end trading week Kitco NEWS
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