Gold prices fell from a one-week high above $2,620 as global concerns fueled safe-haven demand, but expectations for a faster Fed rate cut and limited gains in US Treasuries eased. Also, be very cautious about broader risk-on sentiment, strong US dollar performance, optimistic wages. Technical indicators point to hard resistance near $2,634-$2,635, with downside risks below $2,600.
Gold prices (XAU/USD) maintained their uptrend, trading near $2,620 after hitting a one-week high. Geopolitical concerns, particularly the Russia-Ukraine war and rising tensions in the Middle East, have fueled safe-haven demand for the yellow metal. The decline in the US dollar gave gold a boost earlier this week,
