Fundamental Forecast for the Yuan: Neutral
- Gold Price Consolidates Following Bullish Reversal
- Gold Prices in Position for Continued Weakness
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Gold prices are softer this week with the precious metal down nearly 1% to trade at 1075 ahead of the New York close on Friday. The decline comes amid sharp losses in broader equity markets and on the heels of last week’s massive 2.7% advance with prices largely in consolidation above near-term support ahead of major event risk next week.