Gold futures edged lower on Thursday, giving back a small portion of the 2.1% gain prices saw a day earlier. Given that U.S. monetary tightening is not complete and that the Federal Open Market Committee is poised to raise the policy rates by a further this year, “we see gold prices continuing to correct lower,” said analysts at ICICI Bank. They expect gold prices to move down to the $1,600 level by December. Gold for December delivery GCZ22,
Technical Analysis & Forecast 28.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around 1.0823. By now, it has expanded the range downwards to 1.0808.