Gold shows resilience despite weekly decline, rebounds!
Fri, Feb 16, 2024 12:41 PM

Gold shows resilience despite weekly decline, rebounds!

A Flip by Shubhangi Gupta
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COMEX Gold has recovered slightly due to weaker retail and jobless data, but is still on track for its biggest weekly decline in two months. This is due to uncertainty about the Fed's rate outlook. US retail sales also fell, indicating slower economic growth. Gold prices are expected to continue rising, with short covering and support at 61000 in MCX.

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