💨 Abstract

Gold prices declined on Thursday due to a stronger US dollar and cautious investor sentiment ahead of key US economic data. The US dollar reached a one-month high, making gold more expensive for holders of other currencies. Gold is currently consolidating but is expected to retest an all-time high of $2,685. Investors are closely watching US economic data like ISM services, initial jobless claims, and non-farm payroll data.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖