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TOP SECTOR EUR STABLECOIN (0%)
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24H VOLUME $0.00B
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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

Gold price consolidates in a range around $2,640 area

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Gold remains firm around the $2,640 mark as markets await fresh cues from U.S. economic data and global risk sentiment. The yellow metal’s price steadied after modest gains earlier this week, supported by a weaker U.S. dollar and subdued Treasury yields. However, a lack of significant catalysts has kept the metal within a narrow trading range.

Gold Price 4-Hour Chart as of December 3rd, 2024 (Source: TradingView)

Investors are closely monitoring upcoming economic releases, including U.S. services PMI data, which could influence the Federal Reserve’s policy outlook. Gold’s safe-haven appeal has been bolstered by ongoing geopolitical concerns, though gains are capped by cautious market sentiment ahead of key economic updates. Analysts suggest the metal could see a breakout if the dollar loses further momentum or if risk aversion intensifies in global markets.

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