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January 23, 2025

Gold Faces Selling Pressure After Strong Rally

Gold’s price XAU/USD has dropped from earlier highs, trading at $2,747. Investors are starting to book gains after a strong three-day rally that brought over 2% gains. This shift in strategy comes as traders reassess their exposure in the bullion market, especially with significant US economic data releases expected on Friday. The market’s reaction could be critical for future gold price movements as traders look for indicators of sustained momentum. Keep a close watch on economic signals that could impact gold trading strategies.

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