📊 Gold Prices Steady at $4,203 Amid Sharp Trader Split
🔹 Gold remains under pressure after falling significantly from its January high near $5,600, weighed down by the Federal Reserve's hawkish outlook, rising real yields, and a stronger U.S. Dollar.
🔹 Goldman Sachs has lowered its year-end gold forecast to $4,900, citing delayed rate-cut expectations and weaker ETF inflows.
🔹 Central bank purchases continue to provide long-term support despite recent selling pressure.
🔹 Traders remain divided:
🟢 Bulls see a potential rally above $4,340 if technical resistance is broken.
🔴 Bears target a move toward $4,160 as higher yields and dollar strength cap gains.
📌 Market Focus: Upcoming U.S. PCE Inflation Data, which could significantly impact Fed rate expectations and gold's next major move.
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farah khan
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