MCX Gold Weekly Outlook: Price Recovers 5%, Key Levels to Watch This Monthv

MCX Gold Weekly Outlook

MCX Gold Weekly Outlook: Comex Gold rebounded from last week’s multi-week low of $4,402 to finish the week nearly 1.5% higher. Weaker-than-expected US jobless claims strengthened expectations of a rate cut, lending support to prices near lower levels. However, a recovery in the US dollar capped further upside in the yellow metal. The near-term outlook remains bullish as long as the $4,500 support holds.

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