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Gold (XAUUSD) and Silver Technical Analysis: Is a Major Rally Ahead?
Gold (XAUUSD) prices show uncertainty as strong US economic data weakens the case for near-term rate cuts. A stronger dollar and rising Treasury yields have pressured gold, making it more expensive for foreign buyers. These developments have reduced investor demand for the metal. However, the gold market remains in a strong consolidation zone despite market uncertainty. Initial jobless claims in the US dropped by 7,000 to 221,000 in the second week of July, as shown in the chart below. This marks the lowest number of new claims in a single week since April. Moreover, retail sales rebounded 0.6% in June, indicating ... (full story)
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- Jul 17, 2025 9:30pm Posted byTechnical Analysis287
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