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Gold: Sell-off extends below $4,200 as key support levels crack
The bearish momentum in Gold accelerates for yet another week, starting this Monday, with the yellow metal cracking several support levels to test levels below the $4,200 mark. The precious metal’s decline comes on the back of persistent tensions in the Middle East, rising US Treasury yields and a firmer Greenback. Additionally, increased bets for global interest rate hikes also hurt the non-yielding Gold. $XAU