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Commodities

Gold Price Slumps Amid Elevated Interest Rates

Guavy AI Editorial Team
Instruments
Gold
Share

The gold market is currently stuck in a holding pattern as it hovers around $4,032. This price point is being capped by its declining EMAs above $4,000.

The recent trading session on Tuesday showed a slight drop in the gold market due to elevated interest rates causing chaos.

The $4,000 level has been identified as potential support that extends down to $3,900. Breaking below this level could open up significant selling pressure.

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