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November 14, 2024

Gold price drops to nearly two-month low, seems vulnerable near $2,560 area

Gold price (XAU/USD) attracts sellers for the fifth successive day and drops to its lowest level since September 19, around the $2,559-2,558 region during the Asian session on Thursday. The US Dollar (USD) prolongs its post-election rally and climbs to a fresh year-to-date (YTD) peak amid hopes that US President-elect Donald Trump’s policies will spur growth.

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