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

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 Forecast: XAU/USD Faces Active Trading Day with US Focus

Gold price outlook is influenced by US retail sales, Fed communications, and updates on the US debt ceiling. Implied Fed funds futures indicate a leaning towards a dovish stance. The technical analysis by DailyFX.com reflects the uncertainty in the overall macro environment. XAU/USD Fundamental Backdrop Gold prices have remained rangebound as the market awaits the […]

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