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Back Fundamental analysis
XAU/USD – Price Analysis and Forecast: Gold Recovers, but Upside Potential Remains Limited
On Tuesday, the XAU/USD pair is
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On Tuesday, the XAU/USD pair is showing a moderate recovery, trading slightly below the $4,150 level. However, the unfavorable fundamental backdrop is keeping the precious metal near the round $4,100 level.The hawkish stance of the U.S. Federal Reserve, high U.S. Treasury yields, and geopolitical risks are supporting the U.S. dollar near a two-month high, limiting the upward potential for gold prices and calling for caution when opening positions based on expectations of a substantial increase in its price.Earlier this month,
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