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Gold Price Forecast: XAU/USD bears flex muscles even as US inflation advocates hawkish Fed halt
Gold Price (XAU/USD) remains on the back foot around the lowest level in a week, challenging bearish breakdown of the trend continuation chart pattern, suggesting further downside of the XAU/USD. That said, the Gold Price holds lower grounds near $1,943 amid early Wednesday morning in Asia. It should be noted that the precious metal’s latest weakness pays little heed to the downbeat United States (US) inflation readings while appears closely (inversely) linked to the firmer US Treasury bond yields. Gold Price drops despite softer United States inflation Gold Price teases technical breakdown of a short-term ... (full story)