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XAU/USD Gold Price Analysis Today: Gold Remains Stronger
According to recent trading, gold is facing a major test of investor appetite as the Federal Reserve begins a long-awaited pivot to lower US interest rates. Since the Fed's last meeting, the price of gold XAU/USD has been on a strong upward trajectory, culminating in a test of a new all-time high of $2,135 per ounce. Last week, trading closed at around $2,053 per ounce after testing resistance at $2,070 per ounce in the same trading session. Overall, the price of the yellow metal has continued to rise after Federal Reserve policymakers said they expect to cut US interest rates by 75 basis points next year. Already, ... (full story)