The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Gold prices faced significant downward pressure, testing the $4,300 support level near late March lows. The decline was driven by a strengthening US Dollar and robust labor data, fueling expectations of further Federal Reserve interest rate hikes. This global trend resulted in price drops across markets in Pakistan, India, and Malaysia, with spot gold falling 0.4% to $4,313.11 per ounce.