The precious metal witnessed a modest pullback from the vicinity of the $1,800 mark and has now eroded a major part of the previous day’s positive move to the highest level since late February.
This was evident from the prevalent cautious mood around the equity markets, which should extend some support to the safe-haven commodity.
The second quarter of 2021 started much better than the first one for the gold bulls.
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Gold extended its steady intraday descent and dropped to fresh daily lows, around the $1,782 region during the mid-European session.
The digital asset has been outperforming the market for the past two days and it’s leading the other coins.
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