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Gold Price Struggles to Move Higher but Support Remains Intact
Gold’s (XAU) recent nine-month high around $1,326/oz. may remain in place over the next few weeks with the precious metal finding it difficult to push appreciably higher. The recent strength of the US dollar has weighed on XAU and any easing of trade tensions between China and the US may add downside pressure on the precious metal. Although still over two weeks away, March 1 remains an important date for traders with the US promising to ramp up tariffs on Chinese goods at the start of March if no progress has been made during the ongoing trade talks. China has already said that it would impose its own set of ... (full story)