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On Tuesday, gold (XAU) rose towards 2,050, reaching its highest point in almost seven months. The increase happened primarily due to a significant drop in the U.S. dollar following dovish comments from Federal Reserve (Fed) officials. Possible effects for traders The Federal Reserve (Fed) Governor Christopher Waller noted that the existing monetary policy is sufficiently […]

The post Gold Surges on the Back of Dovish Fed Comments appeared first on Action Forex.

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05/09/2024

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