Gold Ends the Week in Decline

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Gold remained below $3,340 per ounce this week, on track to close in negative territory for the first time in three weeks. The downward pressure followed stronger-than-expected US economic data, which reduced expectations of an imminent interest rate cut by the Federal Reserve. June’s retail sales significantly outperformed forecasts, while initial jobless claims dropped to […]The post Gold Ends the Week in Decline appeared first on Action Forex.