Gold Prices

Why Gold Prices Are Dropping and What to Watch Next

I’ve been keeping an eye on gold prices lately, and wow, they’ve taken a bit of a hit! As we head into the European tradingsession, gold (XAU/USD) is sitting well below $3,300, actually touching a one-week low this Wednesday. So, what’s causing this dip? Let’s break it down in simpleterms.

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Comex Gold Prices Drop After Three Days of Gains

Comex Gold (XAU/USD) prices took a break from their three-day rise, dropping about 1% in the latest trading session. This dip came after the U.S. released stronger-than-expected job growth numbers, which made gold less attractive to investors.

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