Traders are eyeing the FOMC minutes and Powell's speech as gold faces resistance at $2,530, with key support at $2,485.
For those wondering what safe-haven asset — gold or bitcoin — will better survive an economic downturn, experts from the World Gold Council point to the week of Aug. 5 for the answer.
With gold hitting $2,530, Fed rate cut rumors and robust Asian demand fuel a fresh rally in the precious metals market.
Dollar dives, gold shines to new records. Fed rate cut bets fuel precious metals rally. Experts predict higher prices as greenback weakens.
Turns Out, Not Crazy at all
Amid surging to $2,510, gold now retraces as markets brace for key economic data and geopolitical developments this week.
India duty cuts spark fresh buying spree. Prices up, ETFs booming. Is this the start of a new gold era?
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