Reported about 13 hours ago
Gold is set to end a nine-week winning streak due to a market correction that follows its recent rally into overbought territory. Prices have dropped to around $4,112 an ounce, marking a more than 3% decline for the week. Factors such as anticipated US-China talks to address trade tensions and significant outflows from gold-backed ETFs contributed to the drop. Despite the correction, analysts suggest it could lead to renewed buying interest as structural support for gold remains strong.
Source: YAHOO