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XAU/USD: why gold trades lower amid war in Middle East instead of growing
The current situation in the gold
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The current situation in the gold market challenges classical logic: amid acute geopolitical escalation between the US and Israel on one side and Iran on the other, an effective blockade of the Strait of Hormuz and the threat of a global energy crisis, gold is not rising but undergoing a deep correction. At first glance, this seems paradoxical. However, when you look at the fundamentals, the metal's behaviour is easy to explain. Gold has been hit by a "perfect storm,"
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Jurij Tolin,
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