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Gold Update: XAU/USD remains stuck around the $4,000 per ounce zone
Over the past five trading sessions, gold has shown a variation of around 2%, without establishing a clear direction that would allow it to break out of its short-term neutrality. For now, indecision remains dominant, driven mainly by two factors: the performance of the bond market, considered the gold’s top safe-haven substitute, and the new strategies of central banks in managing their reserves. Both elements have generated a sense of uncertainty that the market has yet to fully reflect in prices. Unless a relevant catalyst emerges, it is likely that neutrality will continue to dominate XAU/USD movements in the ... (full story)