Gold News: Safe-Haven Demand Rises as Traders Brace for PCE and Tariff Decisions
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Gold prices are maintaining stability around the $3,027 level, supported by a weakening US dollar, potential tariff tensions, and anticipation of the PCE inflation data. Traders are watching key technical levels and potential catalysts that could drive gold prices toward $3,100 or trigger a correction.
March 24, 2025 | 11:30 am
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Gold is consolidating near record highs, with potential to reach $3,100 or experience a short-term pullback depending on PCE data and tariff developments.
Multiple factors support gold prices: dollar weakness, potential tariff tensions, and expected Fed rate cuts. Technical indicators suggest bullish momentum with support around $2,968.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100