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XAU/USD – Price Analysis and Forecast: Gold Starts the New Week on a Positive Note
Gold (XAU/USD) continues its decline toward
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Gold (XAU/USD) continues its decline toward the March low. The escalation of military confrontation between the United States and Iran is increasing inflation risks and supporting expectations of monetary policy tightening by central banks, which is driving outflows from the non-yielding precious metal.Additional downward pressure is being generated by technical selling following the break below the key 200-day Simple Moving Average (SMA). At the same time, the current decline is largely ignoring the weakening of the U.S. dollar, which would
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Irina Yanina,
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