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Gold slips below 200-day average amid inflation fears and strong labor market, eyeing $4,075 support level.

Market News
10 Jun 2026
Kitco
View Source
Neutral
pluang ai news

Gold prices have fallen below their 200-day moving average due to strong labor market data and rising inflation, which support higher interest rates, bond yields, and a stronger dollar. This technical drop signals a shift in market dynamics, with investors focusing more on inflation and energy price risks than gold's traditional safe-haven appeal. The next key support level is around $4,075 to $4,100 per ounce, marking a potential floor after recent declines. Long-term fundamentals remain positive, but momentum must improve, possibly requiring gold to surpass $4,500 to regain upward trend confidence.

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