⚫⚪🔴📉 A strong decline hits #gold today!
💢 Gold has seen a sharp drop exceeding 5% to fall below the $5200 per ounce level after hitting historical peaks near $5600.
⚠️ Reason:
⬅️ Quick profit-taking was the main reason for the pressure on gold prices during the current session.
⬅️ The rise of the dollar index also contributed to the increasing losses of the yellow metal.
⬅️ Analysts believe that what is happening to gold is a natural corrective movement after the recent significant rise.
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