Gold price rebounds from a three-week low, trading around $1,960 per troy ounce during the Asian session on Friday.
Gold prices could struggle due to the improved US Treasury yields. Fed Chair Powell’s hawkish remarks lift the US Dollar. Israel agrees to daily four-hour pauses in military operations in northern Gaza. Gold price reboundsfrom a three-week low, trading around $1,960 per troy ounce during the Asian session on Friday.
This result could further bolster the confidence in a strong labor market in the United States, providing extra support for the Greenback. The Israel-Hamas conflict is currently contained, with Israel agreeing to daily four-hour pauses in military operations in northern Gaza. These tactical localized pauses are intended to facilitate travel for aid and relief in the affected areas.
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