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Gold Rises During European Session; China Increases Gold Purchases Amid Price Decline
On Tuesday, gold futures prices rose
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On Tuesday, gold futures prices rose during the European session amid ongoing reassessment of geopolitical risks and dollar dynamics. However, the market movement appears more "technical," with noticeable volatility and conflicting macroeconomic signals.On COMEX (part of the New York Mercantile Exchange), June gold futures are trading at $4,685.62 per troy ounce. The session's peak was $4,825.90 per ounce. Meanwhile, gold seems to have found support at $4,580.40, while resistance is capped at $4,825.90—this is particularly important for traders focused on
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