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Tag: xauusd

Gold Price (XAU/USD) Slips Below $1,960 as US Dollar Gains Strength

gold price

During the Asian session, the price of gold (XAU/USD) faced downward pressure and fell below the $1,960.00 level. This decline was driven by the US Dollar Index (DXY), which is aiming to reach a 10-week high of 104.00. The strength of the USD Index is primarily due to ongoing uncertainty surrounding US debt-ceiling negotiations between […]

Gold Price Outlook: What Lies Ahead?

gold

The price of gold, a key indicator of market sentiment, is currently caught in the crosswinds of US retail sales data, Federal Reserve communications, and the ongoing debate over the US debt ceiling. Each of these factors is playing a crucial role in shaping the outlook for gold, as traders and investors alike navigate an […]

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