Gold Surges Back to Highest Level in 3 Weeks

Forex - Gold rebounded from a three-week high due to profit-taking effects. This morning, gold saw a 2% decline, reaching $2658.37 per ounce, and currently stands at $2667.06, down 1.44% from Friday. Analysts are indicating a support level for gold at $2652 today. They anticipate that if this level is breached, the decline could continue towards $2630. Analysts also note that for gold to reverse its direction upward, it needs to surpass $2678, and if this happens, they foresee a move towards $2722.