From Investing.com: 2024-07-26 01:42:00

The decline in Gold prices is linked to technical selling pressure, profit-taking, and a strong US GDP print. However, the bull run in Gold may not be over due to expected Central Bank demand, increased demand from India, and geopolitical factors. The US Dollar Index (DXY) is struggling to close back above the 200-day MA after finding support around 104.00. Despite positive US GDP data, Gold faced selling pressure and correction from record highs. Potential profit-taking, technical selling pressure, and global growth concerns have contributed to the recent pullback. Bulls remain hopeful for a continued bull run in Gold.



Read more at Investing.com: Gold Continues to Decline, DXY Lower After US GDP Beat