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Price Correction in Gold Is Painful, but History Indicates the Bull Market Is Not Over
The gold market failed to hold
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The gold market failed to hold the round support level of $4,000 per ounce. Although this level has drawn significant attention in recent weeks, analysts are confident that the current correction, reflecting a bearish trend, should not be viewed as the end of a long-term bull market.On Wednesday, positions in the "yellow metal" weakened as the U.S. dollar index reached a high not seen in more than a year. The spot price of gold during trading was recorded at $3,980.20
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