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Gold Prices at Risk on Global Inflation Data

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by , 07-18-2022 at 11:15 AM (258 Views)
      
   
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Gold prices may continue to fall as high-flying global inflation data boosts bets on central bank tightening, tarnishing non-yielding bullion’s appeal. A measured ECB may offer a temporary lifeline.
The weekly price is continuing with the secondary correction within the primary bullish trend by trying to break 1,732 support level to below for the correction to be continuing.

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