Posted 3/22/2024, 9:30:42 PM
Gold Pulls Back from Record Highs After Volatile Trading Week
- Gold prices hit new all-time highs early in the week after dovish Fed signals, but pulled back later as dollar rebounded
- Wall Street analysts divided on near-term gold outlook after volatile week; some see consolidation, others eye further declines
- Retail traders remain staunchly bullish on gold in the Kitco polls, expecting prices to rise next week
- Technical analysts watching key support at $2,125; break below that level could signal a deeper correction
- Various factors could impact gold next week including option expiration, quarter-end flows, US data, and geopolitical tensions