Gold prices have declined by nearly 3.00% over five trading sessions, marking their third consecutive week of losses. The precious metal is currently recording its fourth monthly decline in a row amid persistent selling pressure and bearish momentum. Gold is now attempting to stabilize above a critical support zone near its yearly lows following a sharp multi-week selloff.
Gold prices are stabilizing near yearly lows following a multi-week selloff, with technical indicators suggesting the downward momentum may be reaching an exhaustion point.
Read the full storyThe precious metal marks its third consecutive weekly loss and fourth monthly decline as bearish momentum continues to dominate XAU/USD trading.
Gold prices dropped nearly 3% over the last five sessions as limited recovery attempts failed to offset heavy selling pressure.