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Back Fundamental analysis
Gold Buyers Take a Breather
After a nine-day series of declines,
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After a nine-day series of declines, precious metals, particularly gold, showed a long-awaited slight increase. This turnaround is seen as a response from traders to signals indicating that the United States may choose a diplomatic path to resolve the tense situation in the Middle East. The reduction of geopolitical tension is traditionally a factor supporting demand for gold as a safe-haven asset.The price of gold exhibited a noticeable increase, surpassing the $4,600 per ounce mark, demonstrating a rise of 2.8%.
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Maxim Magdalinin
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