Gold Prices Experience Modest Pullback After Reaching Oversold Levels, Bounce Back Amid Thin Liquidity Conditions
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#2d0e458e ver:0.3

Gold prices experience modest pullback after reaching oversold levels, but bounce back amid thin liquidity conditions and decline in US Treasury yields. Traders closely watching for US inflation data this week. UBS analysts expect gold prices to stay volatile, targeting new record highs. Gold price edges higher on softer US Dollar and safe-haven flows amid Middle East tensions. UBS raises gold price projection to $2,600 by 2024, while Citi forecasts $3,000 per ounce in next 6-18 months. Gold recovers on slower US growth and expectation of lower interest rates. Changing expectations and Asian demand also influencing gold price. #Gold #USinflation #RecordHighs #SafeHaven #USdollar #InterestRates #AsianDemand...

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