Gold outlook remains bearish despite a positive weekly close
Sat, Feb 24, 2024 12:49 PM

Gold outlook remains bearish despite a positive weekly close

A Flip by Avya Verma
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Spot gold closed with a gain of 0.57% at $2036 Friday. The metal was up nearly 1% on the week. As per the macroeconomic data released Friday, China's new home prices - 70 City Index (January) slid for the eighth consecutive month in January. Germany's GDP contracted 0.30% in the 4Q as per the final reading, which matched the forecast.

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