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Gold (XAU/USD)

Safe-Haven Trade Pauses as Debasement Narrative Fades

 

Gold trades cautiously bearish, consolidating above support as sentiment shifts.
• “Repricing the world in gold” narrative losing traction
• ETF outflows continue for second major wave this year

Key Levels: Support $3,934.7 │ Resistance $4,192.6
Investor Takeaway: Momentum losing conviction — risk of broader correction if real yields stay firm.