Gold Forecast: XAU/USD’s battle with key $2,410 level extends amid risk recovery

Category: Finance

Gold price is consolidating around $2,410 as the US Dollar rebounds, influenced by rising Treasury bond yields and improved risk appetite. Key resistance is at $2,425, while support is at the 21-day SMA around $2,412. Market sentiment is affected by geopolitical tensions in the Middle East and potential interest rate cuts by the US Federal Reserve.

Keywords: Gold price, US Dollar, Treasury bond yields

Source: FXStreet

Update At: 8/6/2024

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