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XAUUSD — Gold Breaks $4,200 and Silver Slips Below $62 Ahead of Busy Week
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Precious metals are extending their retreat as rising oil prices revive expectations of another Fed rate increase. Gold loses another important level Gold XAUUSD dropped below $4,200 Monday, extending a decline that had already taken the metal down more than 1.5% during Asian trading. The break toward $4,170 per ounce adds technical pressure after bullion failed to stabilize around $4,220 and puts it on course for a monthly decline exceeding 4% and a low last seen in…