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Gold skids more than 3% on tariff relief. Is it time to sell? - MarketWatch

1. Gold prices declined over 3% due to improved trade relations. 2. Current market support level for gold is around $3,204.91. 3. Gold has gained 25% this year but shows signs of complacency. 4. Strategists maintain a bullish outlook, expecting possible highs around $3,500. 5. Economic uncertainty persists, and monetary policy remains accommodative.

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FAQ

Why Bearish?

The recent price drop indicates immediate bearish sentiment, but long-term outlook remains bullish.

How important is it?

While the drop impacts price temporarily, underlying trends suggest longer-term bullishness.

Why Short Term?

Given the immediate declines, short-term effects are more pronounced; potential recovery may follow.

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