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Gold Falls Below $4,000 Per Ounce, Recording Weekly Decline Over 3% on July 17

2026-07-17 08:09:10

According to Jin10, gold prices fell below $4,000 per ounce on July 17, recording a weekly decline exceeding 3%. Mitsubishi UFJ Financial Group analyst Soojin Kim noted that recent price movements indicate the market is placing greater emphasis on the risk of higher U.S. interest rates for an extended period, rather than gold's traditional safe-haven appeal.

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