After a new rally yesterday, gold is declining but holding well above the support level of $1,400. Investors are waiting for NFP figures from the US and are trying to understand how this data could impact the Fed’s next decision on interest rates.
Behind the decline of gold so far today is the risk-on sentiment prevailing on financial markets, which is boosting stocks and other assets perceived as riskier and weighing on safe havens such as bullion.
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Photo by Loic Leray.
