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XAU/Gold breaks psychological resistance
The continued weakness of the US dollar allowed the price of gold XAU/USD to recover yesterday, with gains that exceeded the psychological resistance level of 2,000 USD per ounce. Repeatedly, we had noted the possibility of returning to that peak after the price of gold fell to 1,965 USD per ounce. At the beginning of this week's trading, the situation was relatively calm on the economic data front, so gold traders watched the latest Treasury auction event and the performance of the dollar. Recently, gold prices XAU/USD have achieved weekly gains of 1.5% and have risen by 8.2% since the beginning of 2023 to date. At ... (full story)