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Market Impact: 0.3
Gold price battles $4,300 support, but BMO sees underlying demand strengthening
Source: kitco.com
Commodities & Raw MaterialsCurrency & FXInterest Rates & YieldsMarket Technicals & Flows
Gold is struggling to sustain gains above the key $4,300-per-ounce near-term support level. Renewed U.S. dollar strength and elevated bond yields are pressuring the non-yielding precious metal, creating a near-term bearish setup for gold prices.
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Overall Sentiment
mildly negative
Sentiment Score
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