Gold: Continue Drop or Rebound
Gold prices declined to close September, pressured by the strength of the US dollar and rising US bond yields, with the ounce reaching around $4,285 and a weekly loss of over 2%. Gold now faces an important support level near $4,300, as investors await key data on inflation, personal spending, and the US jobs report, which will influence its next direction. While some expect the decline to be a correction, ongoing geopolitical factors and investment demand could support a rebound in prices. However, the overall trend for gold remains uncertain in the coming period.
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