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Gold Price Forecast: XAU/USD glistens amidst geopolitical tensions to test 20-DMA
Gold price hit a weekly high of $1857.69, with the financial markets being hit by geopolitical unrest due to the conflict between Israel and Palestinian Islamist group Hamas during the weekend and bolstering the appetite for Gold’s safe-haven status. XAU/USD is trading at $1856.63, gains more than 1.30%, after printing a daily low of $1843.80. Investors' mood remains downbeat as the fight continues. US Federal Reserve (Fed) officials crossed newswires, led by Vice-Chair Philip Jefferson and the Dallas Fed President Lorie Logan. Fed Vice-Chair Jefferson said that current monetary policy is restrictive, though ... (full story)