Gold Remains in Red Despite Inflation Concerns but Break of Key $1800 Support Zone to Confirm Bearish Stance

Spot gold remains at the back foot on Wednesday and extends fresh weakness, after brief recovery from new 4 ½ month low ($1786) was capped by 200DMA ($1836). Today’s reaction on strong rise of UK inflation in April was mild, despite the yellow metal is used as a hedge against inflation, with strong pressure on […]

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