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Gold retreats as rally’s momentum wanes


Gold prices were trading lower again on Tuesday after eking out a modest gain a day earlier.

Price action

Market drivers

Gold prices have pulled back since reaching their second-highest settlement level on record last week, raising questions about whether the rally in the yellow metal has peaked.

“There does appear to be some weaker momentum for Gold,” said Jameel Ahmad, chief analyst at CompareBroker.io, in emailed comments.

The yellow metal has benefited from a weaker U.S. dollar and worries about a potential recession in the U.S.



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