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Gold Extends Weekly Decline, Hovering Around $1,940 – November 11 , 2023

Gold prices continue their downward trend as the U.S. market opens, with XAU/USD trading at a new four-week low near $1,940. Despite subdued demand for the U.S. dollar, the precious metal is poised to conclude the week with significant losses. The daily chart for XAU/USD reveals speculative buyers attempting to surpass the 23.6% Fibonacci retracement level of…

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