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At the end of last week's trading, gold prices rose XAU/USD, as the US dollar retreated from the highest level in 20 years.
The gold market did rally during the trading session on Friday, but it also gave up about half of its gains as we continue to see downward pressure.
Gold markets had rallied to kick off the session on Thursday but have given back quite a bit of gain to turn around and form a very negative candlestick.
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The price of gold fell for a third day as the US dollar scale hit a record and Treasury yields rose amid expectations of further monetary tightening by the Federal Reserve.
Gold markets continue to be very volatile, initially dipping during the trading session on Wednesday only to turn around and show signs of life again.
Yesterday the price of gold rose with the decline of the US dollar and expectations of inflation on the background of rising energy costs,
Gold markets initially tried to rally during the trading session on Tuesday as liquidity came back into the market.
The price of gold held steady, as mounting concerns about a worsening energy crisis in Europe drove investors to the US currency over the euro.
Gold markets did very little during the trading session on Labor Day as most liquidity in the United States was simply not there.
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The price of gold settled above the level of 1700 dollars at the end of trading last exciting week.
Gold markets have fallen during the trading session on Thursday as we continue to see a lot of negativity in the charge.
The price of gold is heading for the fifth consecutive monthly decline, the longest losing streak in four years, as speeches by Federal Reserve officials indicate that the US central bank will keep monetary policy tight for some time.
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Gold markets have fallen a bit during the trading session on Wednesday as we are threatening to break down below the $1720 level, and therefore the market is likely to continue seeing a lot of noisy behavior.
The yellow metal is still trading at its worst level in more than a month after its meteoric rise.
Gold markets have fallen a bit during the trading session on Tuesday as it looks like we are going to test the $1700 level.