March 14th, Jinshi data, Asian markets early trading, near-month gold futures closed at a record high may see a technical pullback, causing gold prices to edge lower. Market analyst Fawad Razaqzada said that gold prices are increasingly likely to reach or even exceed $3,000 per ounce in the coming days. The analyst added that the US dollar remains under pressure, and the decline in US Treasury yields and stock market fluctuations are favorable for safe-haven assets.
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Analyst: Gold prices may fall due to technical adjustments
March 14th, Jinshi data, Asian markets early trading, near-month gold futures closed at a record high may see a technical pullback, causing gold prices to edge lower. Market analyst Fawad Razaqzada said that gold prices are increasingly likely to reach or even exceed $3,000 per ounce in the coming days. The analyst added that the US dollar remains under pressure, and the decline in US Treasury yields and stock market fluctuations are favorable for safe-haven assets.