Gold accelerated declines
By X-blogger - on June 10, 2024![](https://widgets.fxwidgets.com/charts/XAUUSD.png)
Gold accelerated declines after a stronger-than-expected U.S. jobs report doused expectations for U.S. interest rate cuts this year, adding to bearish sentiment driven by data showing top consumer China held off on bullion purchases in May.
The Gold-Dollar pair dove 3.4% in the last session. The CCI points to an oversold market.
Support: 2344.2851 | Resistance: 2394.2351
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