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Gold Price Retreats to $4,000 Amid Technical Selling

Gold Price Retreats to $4,000 Amid Technical Selling

Gold prices tumbled 2% to around $4,039 per ounce after a 6% plunge, marking the steepest drop in over a decade. Analysts attribute the fall to technical selling and profit-taking ahead of US inflation data, though long-term outlook remains bullish into 2026.