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Gold Analysis Today 06/8: Retreats From Record Highs (Chart)
(MENAFN- Daily Forex)
- At the beginning of this week's trading, the price of Gold fell to around $2,365 per ounce, paring its previous gains and retreating from last week's record highs as investors took profits. However, gold is benefiting from the safe-haven appeal as financial markets adopt a risk-averse stance. Thus, this explains the currency pair's rapid rebound towards the $2,412 per ounce resistance at the time of writing the analysis.

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