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Gold market has started to test negative trend in last seven days on the global forex market. Gold has retreated for the sixth time in seven days with investors turning to gold-traded exchange traded funds (ETF). Exceeding 0.2% of under-trade losses traded on the spot market, the price of precious metal has fallen to 1,167 USD/ per ounce. Gold, which dropped back to 1,157 USD on Monday, fell to its lowest level since February 5th. Under the 14-day RSI indicator, the price of our precious metal declined below the 30-week mark this week, indicating that the price trend could change course.

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