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Gold drops and Silver continues recovery

From financebrokerage.com

During Asian trading, the price of gold dropped from the $ 1840 level, and now we will test the $ 1830 level. Financial markets estimate that there is a 98% chance that the US Federal Reserve will increase the reference interest rate again by 0.75% at the end of July, which was the reason for the increased volatility and the withdrawal of the gold price. The price of gold is trading around $ 1831.5 per fine ounce, which is a drop in price of 0.35% since the beginning of trading last night. There is increasing pressure on $ 1830, and we may see a break below. We are looking for the next support at the $ 1820 level, ... (full story)

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  • Category: Technical Analysis