Gold Price Stalls Below $4,420 as Resistance Holds Firm
Gold fell back from $4,450 and is struggling to break above $4,420. Technical indicators show resistance at $4,360 and a bearish trend line, with support at $4,250.
Gold Market
Gold fell back from $4,450 and is struggling to break above $4,420. Technical indicators show resistance at $4,360 and a bearish trend line, with support at $4,250.
Jefferies' Christopher Wood says gold could reach $10,000 over the long term, citing US fiscal pressures and rising Indian gold lending. He advises buying on dips toward $3,800-$4,000.
Goldman Sachs now sees gold potentially exceeding its $4,900 year-end forecast, driven by rising call-option activity, Western investor interest and sustained central bank buying.