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Analyst: A period of consolidation or slight pullback in gold prices is a healthy outcome.
Jin10 data September 15 news, KCM Trade Chief Market Analyst Tim Waterer stated that the temptation for traders to lock in profits, along with some resilience of the dollar, has put pressure on gold prices. "The bullish outlook still exists; however, a period of consolidation or slight pullback can be said to be a healthy outcome, which will support gold prices in their ambition to hit higher price targets in the future. The risk facing gold prices this week is that the Fed may not clearly indicate when it will further cut interest rates."