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On Friday, the gold price (XAUUSD) retreated from a recent two-week high, facing selling pressure. This decline was driven by hawkish minutes from the FOMC meeting, indicating the Fed’s reluctance to cut interest rates. Elevated US Treasury bond yields, supported by a “higher-for-longer” narrative, further weakened demand for gold, as investors favored yield-bearing assets. However, […]

The post XAUUSD: Bears Prepare To Takeover appeared first on Action Forex.

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07/02/2024

Sunset Market Commentary

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