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Market Impact: 0.28
Gold Slips On Profit-taking After Hitting Over Three-month High
Source: Nasdaq
Commodities & Raw MaterialsCurrency & FXMonetary PolicyInterest Rates & YieldsMarket Technicals & Flows
Gold prices slipped Tuesday after rallying to over three-month highs, with the pullback tied to a weaker dollar and a U.S. Treasury surprise bond-market intervention announcement. The intervention drove initial support, but the subsequent decline suggests momentum cooled rather than reversing the broader demand backdrop.
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