Gold Price Prediction Today: Spot Gold Eyes $5,000 On Weak Dollar, MCX Gold Turns Bullish Again
As spot gold and MCX gold continue to exhibit strong bullish overtones, bolstered by an advantageous mix of technical strength and global macro trends, gold prices are about to reach a crucial phase. MCX Gold has shown strong price movement domestically, with buyers taking action close to significant short-term averages.
The weak US dollar, falling US Treasury yields, and rising anticipation of further rate cuts later this year continue to support spot gold globally. The Bank of Japan's monetary policy decision and significant US economic data are just two of the major international events that will likely cause gold prices to stay volatile but inclined upward
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