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Are gold purchases underway Technical analysis uncovers trends
Last week, the price of gold dropped by more than 1.5%, closing at $4,155 per ounce. This decline was caused by the strengthening dollar and expectations from the Federal Reserve to raise interest rates, which increased downward pressure on gold prices. The market had started the week positively after an agreement between the United States and Iran, but they quickly failed to maintain those gains as expectations for rate hikes persisted and their impact on yields and the dollar continued.
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