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The price of gold slightly increased while resisting inflation concerns but is anticipated to finish the week with a decrease.
With the anticipation of a rate hike by the US Federal Reserve, gold faces a considerable threat of further decline
Gold investors are feeling the heat with prices dropping to their lowest in a week, owing to the pushing up of the U.S. Treasury yields and the dollar index.
Analysts say traders should book their long positions and take fresh short positions in gold and silver at the given resistance level
Analysts advise traders to book long positions and take fresh short positions in gold and silver near resistance levels