Sanchita Chatterjee, BS News Agency: Gold is currently trading at $4,498.77, with a 0.32% increase from the previous close. The market sentiment is bullish, driven by expectations of a Federal Reserve rate cut and central bank buying.¹ ² ³
*Key Support and Resistance Levels:*
- _Support_: $4,380, $4,300, and $4,250
- _Resistance_: $4,500, $4,670, and $5,000
Analysts predict gold prices to rise further, with potential targets of $4,670 and $5,000. The long-term outlook for gold remains bullish, supported by safe-haven demand, geopolitical tensions, and central bank purchases.⁴
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