Since the height of the pandemic, the price of gold has been hitting record highs. Last week, the price of gold also rose after the publication of lower than expected nonfarm payrolls. However, this was short lived as the price declined later in the week, falling below $1,800 on Wednesday.
This decline is bearish for the yellow metal and shows its inability to maintain gains in the current environment, which displays the metal’s innate weakness…
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