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Gold Holds Firm Against US Dollar Strength
At the beginning of this week's trading, the gold price XAU/USD attempted to rebound higher, but its gains did not exceed the $2046 per ounce level. With the continued gains of the U.S. dollar influenced positively by American job figures at the end of last week, gold selling resumed with losses reaching the $2016 per ounce support level before stabilizing around $2028 per ounce at the time of writing this analysis. The gold market is gearing up to make history in 2024. It enters the new year a remarkable distance from its all-time highs. But how high will gold prices rise? The answer... depends largely on how much ... (full story)