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Back Fundamental analysis
What stops bulls from buying more gold?
Gold eased slightly today, trading around $4,110
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Gold eased slightly today, trading around $4,110 per ounce. The metal is correcting after rising nearly 2% on Monday. Silver fell 0.8% to $52.99 after climbing almost 3% the previous day; platinum and palladium were little changed. The main reason for Monday's gain was oil. Brent fell to $97 after trading near $116 on October 30, as the market began to expect a breakthrough in talks with Iran following the US elections. Notably, this year, gold and oil have mostly moved in opposite directions:
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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