💨 Abstract
Gold reached a new high on Wednesday, driven by a weaker US dollar and expectations of further interest rate cuts. The soft US currency made gold less expensive for foreign buyers. China's rate cuts and increased liquidity could boost demand from Chinese investors. The short-term bullish trend remains, with resistance at $2,690 and $2,710 levels.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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