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The strong tailwind which pushed gold prices to extraordinary heights in June are diminishing. Instead of an upward path of least resistance, gold is now faced with a headwind which is gradually increasing in intensity. In today’s report, we’ll discuss some of the challenges facing the yellow metal. We’ll also discuss the likelihood that gold prices will remain range-bound for the rest of July.
Gold remains stuck in a lateral range with the latest rally attempt being foiled by a strong U.S. retail sales report and diminished expectations that the Federal Reserve will cut its