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Gold Price Outlook: XAUUSD Having Problems Crossing Above $1850

From investingcube.com

As incoming US President Joe Biden has shared details of an additional $1.9trillion economic recovery plan, investors have started to shed their exposure to safe-haven assets. Gold price on the XAUUSD chart fell as a result. Despite the announcement of a large stimulus that would see Americans receive an additional $1,400 monthly payments, spending for public health campaigns, and enhanced payments to the unemployed, the US Dollar did not suffer in its pairing with gold. Rather the greenback has strengthened by 0.21% against the yellow metal to keep gold prices firmly below $1850. Technical Levels to Watch Gold ... (full story)

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  • Category: Technical Analysis