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Precious Metals Outlook: Gold Faces Bearish Pressures Amid Stronger USD, Delayed Rate Cuts
FORECASTSFEB 19, 2024
Precious Metals Outlook: Gold Faces Bearish Pressures Amid Stronger USD, Delayed Rate Cuts
Gold faces bearish pressures as it remains entangled with the strong US Dollar and delayed rate cut expectations, with key support at $2010 preventing a breakdown, while silver encounters short-term resistance amidst consolidation over the longer term.