Gold Is Shaky Again, Investors Need To Be Careful!


 Gold prices fell amid trading in the US dollar which rebounded on Thursday.

The Asian session saw the yellow metal trading lower at around $1,959 per ounce, while gold futures were down at $1,976 per ounce.

The US dollar rebounded from its lows as the market awaited the release of the final reading of US gross domestic product (GDP) data.

The US economy is expected to grow by 2.7% in the fourth quarter of 2022, unchanged from market forecasts.

At the same time, strengthening in risk assets also weighed on gold, seeing Wall Street's main index edge higher on Wednesday.

Reduced concern over the global financial crisis, has encouraged investors to take risks for higher returns than to keep safe-haven assets.