The world of gold trading saw a downturn as prices fell due to an increase in profit-taking and weak long liquidation, as reported by KITCO. The spot gold market was witness to a quiet trading session recently as both professional and novice traders opted to take profits instead of maintaining their long positions. This resulted in weak long liquidation, pushing down the gold price even further within the market. It is important to bear in mind that this fluctuation is part of the natural ebb and flow of the trading ecosystem. Those with a keen interest in the gold market should continue to stay informed and keep their eyes on market indicators. Read More
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