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Gold has strengthened and on track for its best week since early April, as weak U.S. employment figures fueled bets of interest rate cuts by the Federal Reserve this year. Day’s support lies near 72500 with resistance close to the 73200 level
The market resumed its corrective stance following a day of consolidation, experiencing a decline of nearly one and a half percent.
Market volatility persisted, ultimately resulting in marginal changes as they paused following a recent decline.
Gold trades with a positive tone in response to persistent safe haven demand appeal
Once again, the markets experienced significant volatility, ending the day with a loss of nearly one percent.
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