Gold prices fell close to the key support at $2,000 an ounce on Tuesday, touching their lowest intraday level of the year as a stronger-than-expected U.S. inflation reading raised the risk of changes to the Federal Reserve’s plans for interest-rate cuts.
The significance of gold dropping below $2,000 “lies in both psychological and technical trading perspectives, marking a crucial support point that, if breached, could lead to further sell-offs and a shift in market sentiment” for gold, Adam Koos, president at Libertas Wealth…
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