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XAU/USD – Price Analysis and Forecast: Gold Remains Vulnerable to Further Declines
Gold (XAU/USD) is posting moderate intraday
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Gold (XAU/USD) is posting moderate intraday losses while remaining close to the one-and-a-half-week low recorded the previous day. Comments by Federal Reserve Chair Kevin Warsh last Friday strengthened market expectations of an imminent rate hike, weighing on gold.Warsh delivered an unexpectedly hawkish speech at the Jackson Hole symposium, pointing to the possibility of higher interest rates if inflation does not slow significantly. Another factor is the rise in energy prices caused by escalating tensions between the US and Iran, which
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Irina Yanina,
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