đ„ GOLD MARKET EXPLOSIVE UPDATE! đ„
đ„ After 9 consecutive weeks of unstoppable gains, gold finally takes a breather â dipping 1.7% after hitting new record highs above $4,300/oz!
đ At the start of Fridayâs session, spot gold touched a fresh peak of $4,378.69/oz, before slipping 0.4% to $4,309.63/oz.
Meanwhile, U.S. December futures settled 0.4% higher at $4,320.70.
đ Despite the pullback, gold is still up 7.2% this week â marking its strongest weekly rally since September 2008, when the Lehman Brothers collapse triggered the global financial crisis!
đșđž The drop came after Donald Trump said his proposed 100% tariffs on Chinese goods were âunsustainable.â
This comment helped ease U.S.-China trade tensions and slightly cooled the gold rush.
đŹ Analyst Fawad Razaqzada (City Index) explained:
> âEquity indices bounced off their lows thanks to some slightly upbeat comments from Donald Trump.â
đ° Still, investor sentiment toward gold remains strong.
With the Federal Reserveâs next rate-cut decision expected soon, the big question is:
⥠Is this just a pause before gold takes off again?
đ Or the beginning of a new phase in the market?
đ Drop your thoughts below â whatâs your take on the gold rally?
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