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fxJun 30, 2026, 8:59 AM

Gold Eyes October Lows as Decline Extends – Societe Generale

Gold has extended its decline after breaking its 50-day moving average in March, drifting toward late October 2025 lows. Societe Generale strategists note no clear rebound signals despite the stretched move.

XAUUSD

Gold has extended its decline after breaking the 50-day moving average in March, according to Societe Generale strategists. The metal is now drifting toward the late October 2025 lows.

While the move appears stretched from a technical standpoint, the strategists see no clear rebound signals emerging in the near term.

Source: FXStreet Forex News