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Gold Prices Consolidate at $3,300 Amid Weak U.S. Economic Data
Gold Prices Consolidate at $3,300 Amid Weak U.S. Economic Data
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Gold prices are holding steady NEAR $3,300, following a retreat from record highs of $3,500. The earlier rally was fueled by falling Treasury yields and heightened investor caution as global uncertainties persist.
Recent U.S. economic indicators—including disappointing JOLTS job openings and consumer confidence figures—triggered a $200 pullback. Despite the correction, gold remains elevated, with its trajectory hinging on upcoming data releases and geopolitical developments.
The metal’s resilience underscores its role as a haven asset. market participants now await further cues from macroeconomic trends and central bank policies to gauge its next directional move.
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