Gold (XAU) Silver (XAG) Daily Forecast: Bulls Defend $3,000 as Fed Bets Mount
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Gold prices remain stable above $3,000, driven by expectations of Federal Reserve rate cuts, weakening U.S. economic data, and trade tensions. Investors are closely watching the upcoming PCE Price Index for insights into monetary policy, with market sentiment leaning towards potential rate cuts as early as June.
March 26, 2025 | 6:45 am
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Gold is maintaining support above $3,000, with technical indicators suggesting potential upside if it breaks $3,035. Weak economic data and anticipated rate cuts are providing underlying support.
Weak U.S. economic indicators, potential Fed rate cuts, and geopolitical tensions are creating a favorable environment for gold prices. Technical analysis suggests bullish momentum if key resistance levels are breached.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100