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Retrieved on: 2024-04-23 18:56:43
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Summary
The article discusses how gold prices are undergoing a correction and face selling pressure, as analyzed by market expert Ole Hansen. He examines technical analysis aspects, such as Fibonacci retracement levels, and notes the influence of factors like Chinese investment and hedge funds on market volatility and trends within the financial markets. Gold's role as a security and long-term investment is highlighted against the backdrop of global economic conditions, particularly for gold in China and its legal context, referencing The Gold (Control) Act.
Article found on: kitco.com
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