Gold gains on dollar weakness, safe-haven demand

By X-blogger - on May 6, 2025

Gold prices gained more than 2%, driven by a weaker dollar and safe-haven demand, while the market awaits a policy decision from the U.S. Federal Reserve later in the week.

The Gold-Dollar pair exploded 2.3% in the last session. According to the CCI, we are in an overbought market.
Support: 3173.1 | Resistance: 3462.6

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