Gold outlook remains weak for the coming week; resistance seen at $1950-1980 region
Spot gold closed the week with a loss of 1.90% at $1921.47. The highlight of the week was the UK’s core CPI inflation rising to a 31-year high, which stoked concerns among investors as elevated inflation calls for further aggressive rate hikes by the Bank of England amid slowing growth. Bank of England (BoE) hiked … Read more