Gold Price Bolstered by Golden Cross Amid Rate Hike Uncertainty
The Golden Cross formation in gold has reinforced a bullish outlook for traders.
Despite the elevated interest rates, there is a growing sentiment that the Federal Reserve may not raise rates this year, which could impact the market's volatility.
The $4,500 level is seen as an area with potential value by some analysts, and many are looking to get involved in gold at this point.