#BTCVSGOLD
Gold remains near $4,600 amid bets on a pause in Fed rates and declining geopolitical tensions
Safe-haven demand weakens as geopolitical tensions ease following Trump's statement that deaths related to repression in Iran are decreasing.
Gold (XAU/USD) loses ground after reaching a new all-time high of $4,643 in the previous session, trading around $4,600 per troy ounce on Thursday.
Gold, which does not yield interest, declined as stronger-than-expected U.S. Producer Price Index (PPI) and retail sales data
Along with last week's drop in the unemployment rate, reinforced the argument that the U.S. Federal Reserve (Fed) will keep interest rates unchanged in the coming months
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