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Gold outlook: XAU/USD pauses for breather
Until the last few days, gold had been on a tear, smashing records and surging past the $3,000 mark last week, fuelled by strong safe-haven demand and persistent central bank buying. After easing slightly at the end of last week, gold has struggled to find renewed bullish momentum so far this week. Is that a sign of things to come or will gold find even more buying interest even at these levels? So far, the bullish trend remains intact, keeping the gold outlook positive. But there are a few factors worth considering which could undermine the rally. Fundamentally, there are several potential headwinds that could ... (full story)