Day: July 25, 2024

Gold Prices Slide Amidst Technical Selling and Positive US PMI Data

gold image

Gold prices (XAU/USD) experienced a decline on Thursday, trading around $2,370, due to a combination of technical selling and marginally positive preliminary US S&P Global Purchasing Managers Index (PMI) data for July. The weaker sentiment in global stock and commodity markets, driven by global growth concerns, also contributed to gold’s downward movement. Market Drivers: Technical […]

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