Gold’s Gleam: Navigating the Bullish Terrain Amid Global Uncerta

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As of February 1, 2025, gold (XAU/USD) is trading around $2,733 per ounce, reflecting a robust uptrend. Technical indicators, such as the price holding above key moving averages and a bullish MACD crossover, suggest continued upward momentum. Fundamentally, gold’s appeal as a safe-haven asset is bolstered by ongoing geopolitical tensions and expectations of stable or lower interest rates from the Federal Reserve. Looking ahead, if gold maintains support above $2,710, it could target resistance levels near $2,765 and $2,790. However, stronger-than-expected U.S. economic data or hawkish Fed policies could pose downside risks.

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