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Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion

Gold is experiencing its most significant quarterly decline in over a decade, marked by technical indicators and shifting interest rate expectations.

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Visual summary for Gold prices fall further after worst quarter in 13 years as interest rate fears hit bullion
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Coverage (12)

The story so far

Gold prices have faced a downward trend, concluding the previous quarter with a performance identified as the worst in 13 years. Analysts have observed a technical pattern known as a death cross, reflecting ongoing price instability for bullion.

Coverage from outlets including the WSJ, Business Insider, and KITCO highlights concerns over rising Treasury yields and Federal Reserve interest rate policy. CNBC and Mining.com report that recent price activity has responded to soft jobs data and public remarks from Fed Chair Warsh.

Market participants are currently monitoring technical chart forecasts for further signs of volatility. Coverage does not yet specify whether gold will sustain recent price gains or continue to face downward pressure related to future interest rate decisions.

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The obvious questions

How long has this gold slump lasted?

Coverage indicates that gold recently completed its worst quarter in 13 years.

What factors are influencing gold prices?

Reports cite higher Treasury yields, Federal Reserve interest rate hike bets, and recent job data as factors currently influencing the market.

What technical pattern has been noted in the charts?

Financial outlets have identified a death cross pattern, which some analysts suggest points to further potential volatility.

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