Analyst: Gold Prices May Experience a Short-term Pullback
StoneX analyst Fawad Razaqzada: The outlook for gold has dimmed due to improved risk sentiment and the potential strengthening of the dollar. Friday's stronger-than-expected U.S. employment report encouraged market bets on a stronger dollar, further dampening gold's safe-haven appeal. Gold prices may experience a short-term pullback. However, he added that technical trading indicators remain bullish, with potential for a rebound.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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