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XAU/USD Price Analysis and Forecast: Gold Continues to Decline After Positive Employment-Driven Expectations in the US
Today, on Monday, gold (XAU/USD) continues
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Today, on Monday, gold (XAU/USD) continues to move in the established direction, attempting to hold the round level of $4,300, which marks its lowest point since March 23. Escalation of the conflict in the Persian Gulf is supporting higher oil prices, increasing inflation risks and reinforcing expectations of tighter monetary policy from central banks. Against this backdrop, demand for the non-yielding precious metal is declining. An additional confirmation of downward pressure came from Friday's break below an important technical level
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Irina Yanina,
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