Below the critical threshold: Famous strategist drew attention to two figures
Original headlineAltında kritik eşik: Ünlü stratejist iki rakama dikkat çekti
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Gold prices are attempting to recover after a sharp selloff triggered by hotter-than-expected US inflation data. Saxo Bank Head of Commodity Strategy Ole Hansen identified $4,000 per ounce as support and $4,155 as resistance for spot gold. Hansen said bullion could resume its rally if falling energy prices shift expectations around the Federal Reserve's interest rate path. The inflation surprise matters because it complicates the case for near-term rate cuts, weighing on the non-yielding metal. Traders will watch whether gold holds the $4,000 support and whether energy-driven disinflation revives Fed easing bets.
Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
gold (XAU), Ole Hansen, Saxo Bank, Federal Reserve
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