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Gold continues to stabilize
Gold’s price appears to have stabilized in the past week, with it potentially receiving some safe-haven inflows since the beginning of the week, following the most recent developments in the Middle East. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as financial releases that may have affected the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. The classic perception of the market for a negative correlation between the USD and gold’s price seems to have not been in place over the past week. ... (full story)