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Gold Price Forecast: XAU/USD rebound hinges on US debt ceiling talks, inflation clues and Fed Minutes
Gold price (XAU/USD) picks up bids to extend Friday’s corrective bounce off a seven-week low as it benefits from the United States debt ceiling drama, as well as mixed comments from Federal Reserve (Fed) Chairman Jerome Powell, ahead of the key data/events. That said, the yellow metal dropped in the last two consecutive trading weeks while ending Friday on a positive note amid a pullback in the US Dollar. It’s worth noting that the recent rebound in the XAU/USD remains elusive as the USD cheers hawkish Fed bets and the United States policymakers are hopeful of avoiding the US default. Also, a likely improvement ... (full story)