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XAU/USD: Bulls Could Make a Move Soon
At the end of last week's trading sessions, gold futures managed to capture some gains as financial markets shrugged off the latest inflation data. Despite widespread expectations that the US Federal Reserve would keep interest rates high for longer, stocks formed a reflection of the selling pressure witnessed on Thursday. Now, the question arises: Is gold looking to revisit $2400 per ounce again?According to gold trading platforms, prices rose on Friday to the resistance level of $2352 per ounce before settling around $2333 at the beginning of an important and eventful week of trading. The price of the yellow metal ... (full story)