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Gold Weekly Forecast: Easing geopolitical tensions, mixed US data limit volatility
Gold (XAU/USD) failed to stage a meaningful rebound following a bearish start to the week as markets reacted to easing geopolitical tensions and mixed macroeconomic data releases from the United States (US). Activity-related data from the US and comments from Federal Reserve (Fed) officials could drive XAU/USD’s action in the near term. Gold came under heavy selling pressure on Monday and lost more than 1.5% on a daily basis as easing geopolitical tensions undermined the safe-haven demand. Growing optimism about a resolution to the Russia-Ukraine conflict on the announcement of a meeting between US President Donald ... (full story)