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Synopsis Recent fluctuations in gold prices have emerged, primarily due to the ambiguous stance of the Federal Reserve and escalating conflicts in Iran. Central banks are responding by ramping up gold purchases, reinforcing the fundamental bullish market sentiment. This surge in demand effectively consumes a substantial fraction of the yearly gold output. Gold’s rally has stalled, but it’s not the end of the bull run, according to Tony Kim, global head of metals trading at Goldman Sachs. Uncertainty over Federal Reserve policy and the disruption caused by the US-Iran conflict have temporarily weakened several sources of demand. The longer-term picture,…
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