With Israel and Hezbollah reaching a ceasefire agreement, geopolitical risks have temporarily eased. However, the drop in long-term US interest rates has increased demand for gold. Today is Thanksgiving in the US, meaning there will be fewer market participants, and a quiet market is expected. However, because market liquidity will be low, even small news or events could cause significant price movements in one direction. If there is a reaction, the focus might be on the possibility of prices rising due to filling the gap from the sharp decline on the 25th.
Gold-Dollar expected range: 2,650–2,605
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