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GOLD: Bearish! Facing A Stronger USD and Spiking Inflation

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In this Weekly Market Forecast, we will analyze Gold for the week of May 18 - 22nd.

Gold is expected to continue trending lower or face heavy bearish pressure this week, with prices retreating from early-month highs and hovering near the $4,500 per ounce mark. This is mainly due to a stronger USD and Treasury yields, hotter inflation, and potential de-escalation in the the Middle East.

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