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Gold price aims to reclaim the crucial resistance of $2,030 even though investors seem convinced that the Federal Reserve will not cut interest rates early. As per the Gold prices rose Monday morning due to the deteriorating geopolitical situation in the Middle East, and there was renewed optimism among bullion traders that the Gold price is struggling to gain traction due to reduced bets for an aggressive Fed policy easing, leading to a familiar trading range. The ongoing acceptance of the Fed The Fed initiated its easing cycle with a larger-than-expected 50 basis point rate cut. Gold responded as expected, with the spot price jumping to a new all-time high of Despite uncertainty surrounding the timing of these cuts, gold has managed to surpass the $2025 mark, signaling its strength as an investment. It is also expected that gold Fed officials, including Richmond Fed President Tom Barkin and Minneapolis Fed President Neel Kashkari, have suggested that the central bank should exercise patience Gold price attempts to recapture two-day high near $2,040 while investors await fresh guidance from Federal Reserve policymakers over inflation and interest rates.

Gold Price Passes $2030 Despite Fed Rate Cut Uncertainty

The Gold price aims to reclaim the crucial resistance of $2,030 even though investors seem convinced that the Federal Reserve will not cut interest rates early. Despite uncertainty surrounding the timing of these cuts, gold has managed to surpass the $2025 mark, signaling its strength as an investment.

Gold prices rose Monday morning due to the deteriorating geopolitical situation in the Middle East, and there was renewed optimism among bullion traders that the Gold price is struggling to gain traction due to reduced bets for an aggressive Fed policy easing, leading to a familiar trading range.

The ongoing acceptance of the Fed The Fed initiated its easing cycle with a larger-than-expected 50 basis point rate cut. Gold responded as expected, with the spot price jumping to a new all-time high of It is also expected that gold Fed officials, including Richmond Fed President Tom Barkin and Minneapolis Fed President Neel Kashkari, have suggested that the central bank should exercise patience.

Gold price attempts to recapture two-day high near $2,040 while investors await fresh guidance from Federal Reserve policymakers over inflation and interest rates. Stay informed about the latest gold market trends and Federal Reserve announcements influencing gold prices.

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