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Analyst: Gold will come under pressure in the short term
On November 26th, Jinshi Data reported that Phillip Nova’s senior market analyst, Priyanka Sachdeva, said in a research report that gold may come under pressure in the near future. Sachdeva said that recent news headlines about Israel and Hezbollah nearing a ceasefire have eased some geopolitical concerns, dropping the appeal of gold as a safe-haven investment. Sachdeva added that coupled with the pressure brought by the soaring US dollar, gold is expected to have a downward trend in the short term.