US Edition[Opinion] Gold Prices Unable to Hold $5,000 Level in Quiet Holiday Trading
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4 Articles
Gold price dips below $5,000 in holiday-thin trade as dollar firms; Fed minutes next
Gold dropped 1.3% to $4,976.37 an ounce Monday, falling below $5,000 as a stronger dollar and thin holiday trading weighed on prices. U.S. markets and China’s Shanghai Futures Exchange were closed for holidays, limiting liquidity. Spot silver slipped 0.6% to $76.92, while platinum and palladium moved less than half a percent each. Traders cited profit-taking and a lack of new catalysts. The post Gold price dips below $5,000 in holiday-thin trade…
Gold Price Forecast: Gold Hovers Around $5,000 as Analysts Eye $6,000 Milestone
Key highlights: Gold failed to hold gains above $5,000 in quiet holiday trading, facing muted selling pressure. Major institutions including BNP Paribas and Wells Fargo see potential for gold to approach or exceed $6,000. CoinCodex’s algorithmic forecast projects gold reaching $6,000 within the next three months. Gold is currently trading at around $4,975 as the precious metal continues to range around the $5,000 level. In the last week, the g…
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