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Gold stumbled to a fresh one-week low on Tuesday as cautious optimism over global trade developments boosted risk sentiment and dampened appetite for safe-haven assets. A stabilizing Dollar compounded to Gold’s woes with prices sinking towards $1320 as of writing. While the precious metal is susceptible to further loses in the near term, the medium to longer term remains in favour of bulls. Market expectations over the Fed cutting interest rates this year coupled with global growth fears should shield Gold from downside shocks. Technical traders are likely to closely monitor how prices... Read More
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