Gold is in a downtrend - 03/08/2023

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The demand for gold is showing signs of decreasing. According to the World Gold Council, global demand for gold fell 2% in the second quarter to 921 tonnes due to high deposit rates and a stronger US economy.

Amid the lack of market-boosting information, the dollar's rally put pressure on gold.
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Dollar pressure on precious metals
anylsisFundamental AnalysisGoldHarmonic PatternssignalstrendTrend AnalysisXAUUSD

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