Gold price fails to break through the $3,000 mark! After falling below $2,900, gold stabilizes
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Gold prices stabilized after recording the largest single-day drop in two months, with spot gold slightly rising to $2,886.23 per ounce. Investors are concerned that the recent rise in gold prices may be excessive, leading to a drop below $2,900. The market is focused on the Federal Reserve's interest rate trends and Trump's tariff threats, with retail sales experiencing the largest decline in nearly two years, prompting traders to re-bet on a Fed rate cut. Despite the drop in gold prices, it has still risen for the seventh consecutive week, marking the longest streak of gains since 2020
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