Gold Prices Rise Amid Dollar Weakness and Fed Pause Bets

Gold prices are slightly higher, nearing $2,000, with chart-based buying and a weaker U.S. dollar index supporting the market. However, lower crude oil prices and higher U.S. Treasury yields are limiting the upside. The U.S. stock and financial markets are closing early due to the Thanksgiving holiday, resulting in subdued trading. Israel and Hamas have agreed to a four-day ceasefire, boosting risk appetite. The U.S. economic data to be released includes flash services and manufacturing purchasing managers indexes (PMI). Technically, gold and silver bulls have the near-term advantage, with resistance levels and support levels identified.