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Find all the economic and financial information on our Orishas Direct application to download on Play StoreGold prices fell on Thursday after reaching a nearly three-month high in the previous session.
After reaching its highest level since October 31 on Wednesday, spot gold was down 0.4% to $2,744.49 per ounce at 12:46 GMT. American gold futures lost 0.7% to 2,751.20 dollars. Han Tan, chief market analyst at Exinity Group, said that “spot prices are flirting with technical overbought conditions, which suggests that a slight technical pullback is expected.” For Tan, “gold should make further progress toward the psychological $3,000 mark if President Trump's policies in turn stimulate demand for inflation hedges and safe havens.”
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