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    XAU/USD: precious metals are falling on 14.07.2015

    Gold remains under pressure after the agreement between Greece and its creditors was reached and worries of Greece leaving the eurozone faded. At the same time, it brings back an importance of interest rates hike in the US in 2015 that should strengthen the USD. At present, government bonds yields are growing, an interest in currency save-havens is high, while precious metals attractiveness is falling as borrowing costs are rising and their returns are declining. 


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