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Gold price buoyed by dovish Fed despite despite a rise in sentiment
Gold (XAU/USD) is trading higher on Friday as investors remain focused on Fed expectations US economic data. At the time of writing, XAU/USD recovers above $3,350, pushing the price closer toward the upper boundary of a symmetrical triangle pattern. Traders are digesting fresh US housing data released on Friday, with Building Permits and Housing Starts for June providing further insight into the health of the real estate sector which improved significantly. Meanwhile, the University of Michigan (UoM) released the first set of preliminary Sentiment data which rose to 61.8 in Jyl, from 60.7 in June and higher than the ... (full story)