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XAU/USD: Analysis and Forecast
Today, on the first day of
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Today, on the first day of the week, gold is attempting to gain positive momentum, breaking a six-day losing streak, but remains below $2600.Expectations that U.S. President-elect Donald Trump's policies could lead to rising inflation, limiting the Federal Reserve's ability to reduce interest rates further, have kept U.S. Treasury yields elevated. At the same time, optimistic market sentiment continues to cap gains in the precious metal.The risk of escalating geopolitical tensions provides limited support for gold as a safe-haven asset.
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