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XAU/USD Price Analysis and Forecast: US–Iran tensions weigh on precious metal prices
Gold (XAU/USD) is continuing to recover
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Gold (XAU/USD) is continuing to recover from yesterday's sharp decline, reaching the $4,550 level. However, the current rebound is not supported by clear fundamental drivers and may quickly lose momentum, which calls for caution when opening positions aimed at further price gains.The escalation of tensions between the United States and Iran continues to fuel inflation expectations and reinforce forecasts of tighter monetary policy. In addition, the persistent bullish sentiment toward the US dollar is likely to limit gains in gold,
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Irina Yanina,
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