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XAU/USD: The $4,000 Level May Determine the Next Trend
Gold recovered part of its recent losses after buyers found support near the $4,020 per ounce area, benefiting from a decline in the US Dollar's momentum after markets absorbed the Federal Reserve meeting minutes. Across gold trading company platforms, prices rose today to the resistance level of $4,110 per ounce. Regarding market influence factors, investors are anticipating any new statements from Federal Reserve officials in the coming hours, alongside developments in US Treasury yields and US Dollar movements, as these factors will remain the primary driver for gold's short-term direction. Technically, the gold ... (full story)
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