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LiveWire

119 days ago • Posted by William Ramstein

Gold heads for a weekly loss after 2 weeks of gains

Bullion has dropped about 9% this year amid optimism over a recovery from the pandemic, a resilient dollar, and the rise in bond yields. Continuous strengthening in the U.S. dollar alongside reflation optimism are likely to weigh on gold prices, which remains in a downward trend.

Source: Bloomberg

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