Gold Prices Experience Modest Pullback After Reaching Oversold Levels, Bounce Back Amid Thin Liquidity Conditions
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#2d0e458e ver:0.28

Gold prices experience a modest pullback after reaching oversold levels, but bounce back due to thin liquidity conditions and a decline in US Treasury yields. Traders await US inflation data for further insights. UBS analysts expect gold prices to stay volatile with shallow setbacks, targeting new record highs later this year. Gold edges higher on a softer US Dollar and safe-haven flows amid geopolitical tensions. Technical analysis suggests a potential downside target of $2,300, but the MACD indicator hints at a stronger upside correction. Central banks continue to increase gold reserves. Gold is a safe-haven asset and hedge against inflation and depreciating currencies....

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