Gold Faces Uncertain Future as Dollar Strengthens and Risk Appetite Improves

According to StoneX analyst Fawad Razaqzada, the outlook for gold has dimmed due to an improved risk appetite and the potential strengthening of the US dollar. A strong employment report released Friday bolstered market expectations for a stronger dollar, diminishing gold’s appeal as a safe-haven asset. While short-term price fluctuations are expected, Razaqzada points out that technical trading indicators show positive signals, potentially paving the way for a rebound.