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BREAKING: GOLD wipes out gains of the day 🎫

5:55 PM 12 April 2024

In the second half of the day, gold reverses its bullish trend and is currently erasing all gains from Friday's session. Silver is behaving similarly, now trading lower on an intraday basis. The reason for this pullback is not clear at the moment. There have been no significant changes in monetary/geopolitical news, apart from some slightly hawkish comments from Goolsbee of the Fed.

Source: xStation 5

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