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【Gold Futures Declined Slightly, And The Positive Momentum From Earlier This Week Was No Longer】The Price Of Gold Futures Declined Slightly, Losing The Positive Upward Momentum Seen Earlier In The Week. ActivTrades Analyst Ricardo Evangelista Said That The Current Price Drop Reflects The Rise In US Treasury Yields And The Strengthening Of The US Dollar Putting Downward Pressure On This Poor Precious Metal. Earlier This Week, Geopolitical Tension Provided Some Support For Gold Prices. However, Evangelista Wrote In A Report That The Market Seems To Have Turned Its Focus Back To The Protectionist Policies Of The Incoming Trump Administration. Trump's Move Is Expected To Push Up Inflation And May Cause The Federal Reserve To Maintain Higher Interest Rates For A Longer Period Of Time. Higher Interest Rates Usually Dampen People's Enthusiasm For Investing In Unprofitable Gold. He Also Added, However, That If The Russian-Ukrainian War Situation Escalates Further, It May Reignite Safe-haven Demand For Gold, Thereby Changing The Current Price Trend
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