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Gold falls to $1800, lowest since early February

If you value gold in currencies other than USD, it’s doing well this year. There is an argument to buy it on the expected turmoil in emerging markets as inflation remains high.

That said, momentum is what it is. Gold has struggled to define itself recently and it failed again at $2,000. Besides being a big round number, $1800 is not particularly relevant on the chart. $1780 should offer some support, but it’s concerning that gold can’t find a bid lately, either on risky or risky days.

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