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XAU/USD. Review and analysis
Today, Tuesday, marks the second consecutive
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Today, Tuesday, marks the second consecutive day of rising gold prices, as well as the fifth positive movement day out of the last six. However, due to some purchases of the US dollar, the precious metal remains below its historical high. Prevailing risk conditions are limiting the growth potential of safe-haven assets.Nevertheless, amid expectations that the Federal Reserve will start lowering interest rates in September, the short-term bias is clearly in favor of the bulls. These expectations were confirmed by
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