February 22, 2025
Gold outlook: precious metal rises for eight week but momentum fades
As we saw with the US equity markets on Friday, markets can go up as well as down, and when sentiment turns, even the mighty gold will not escape a swift sell-off. With gold and the S&P having a positive correlation in recent years, we could see the metal drop should the sell-off continues in the week ahead. So, the short-term gold outlook could easily turn negative if we see the breakdown of some key support levels.
