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Gold stays in retreat, set for sixth straight day of losses

Gold stays in retreat, set for sixth straight day of losses
There's no relief for gold as the technical breakdown continues after the drop below $1,900 last week. The fall also took out support from the August lows and leaves a big air pocket between that and the February to March lows near the $1,800 mark.Even as major central banks have moved to pause mode, the selling in bonds has been unrelenting and that has been a major bane for gold. And so, until bond yields turn the corner and head lower, only then will gold find any real relief.And from a techn... Read More
Posted: Oct 2 2023, 05:14
Author Name: forexlive
Views: 082962

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