Gold prices dropped as the US Federal Reserve reported a decrease in business activities for the ninth consecutive month. This news, along with hawkish comments from Fed officials to control inflation, has significantly affected the price of gold, causing a surge in the USD index.
Furthermore, if gold fails to hold technical support at 1950USD/oz, it could lead to more significant declines.
Furthermore, if gold fails to hold technical support at 1950USD/oz, it could lead to more significant declines.
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