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Key Points:
Gold declines to $2,329 ahead of crucial Federal Reserve meeting on May 1-2, 2024.April’s PCE Index at 2.9% suggests delayed Fed rate cuts, impacting gold prices.Geopolitical stability from Israel-Hamas talks shifts focus from gold to yield assets.
In this article:
As of April 30, the price of Gold stands at $2,329, marking a decrease of 0.38%. The precious metal is currently hovering just above the pivot point of $2,325.66. Should prices fall below this level, there is a potential for a further sell-off, indicated by an earlier breakout below the $2,322 mark.
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About the Author
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. Expert in trading psychology and sentiment.
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