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Back Fundamental analysis
XAU/USD. Review and Analysis
A combination of supportive factors helps
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A combination of supportive factors helps gold attract buyers for the second consecutive day. The U.S. PCE (Personal Consumption Expenditures) price index data released on Friday showed a modest increase in June inflation, raising expectations for the Federal Reserve to soon begin its rate-cutting cycle. This leads to a further decline in U.S. Treasury yields, keeping dollar bulls on the defensive and acting as a tailwind for the non-yielding yellow metal.Additionally, geopolitical risks stemming from conflicts in the Middle East
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