Gold Prices Show Cautious Optimism Amid Market Trends

Gold prices have recently been influenced by various economic indicators, including a cooling Producer Price Index in the US, which raises hopes for looser Federal Reserve policies. COMEX gold futures are trading within a triangle pattern, with a breakout above $2,800 potentially signaling a bull market resumption. In Pakistan, gold prices dropped due to a decline in international rates and the strength of the US dollar. Technical analysis shows gold consolidating gains, with key resistance and support levels indicating potential future price directions. Despite last year's strong performance, analysts suggest that while demand remains, reduced physical demand and higher supply may limit gold's rallies in 2025.