Gold edges lower in early morning Asian session on a likely technical correction after front-month Comex gold futures posted their longest winning streak since March 28, 2025 last week.
"The market may face some price correction risks in the short term following its strong climb," Naga's Frank Walbaum says in an email. Investors could monitor this week's FOMC meeting as well as new economic data as these may affect the precious metal's direction, the market analyst adds. Spot gold is 0.1% lower at $3,637.95/oz.
Source: Marketwatch
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