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Back Fundamental analysis
Gold Remains Around $4,700
Demand for gold remains steady, despite
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Demand for gold remains steady, despite a slight dip following news of the failed US-Iran negotiations. According to several media reports, Union Bancaire Privee is resuming gold purchases after significantly reducing its positions in response to the downturn caused by the war in Iran, stating that it believes the long-term outlook remains unchanged. The Swiss private bank is gradually increasing its allocation of the precious metal in clients' discretionary portfolios after cutting this allocation from around 10% to 3%.It should
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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