Analysts: Gold prices are likely to experience a short-term correction
2025-06-09 13:55:40
Fawad Razaqzada, analyst at StoneX: The outlook for gold has darkened due to improved risk sentiment and the possibility of a stronger dollar. Friday's stronger-than-expected US jobs report encouraged the market to bet on a stronger dollar, further weighing on gold's safe-haven appeal. A short-term pullback in gold prices is possible. However, he added that technical trading indicators remain bullish and there is still potential for renewed gains.
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