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Gold keeps firm tone and holding near new all-time high on Friday, awaiting release of US PCE data (due later today) for fresh signals. The metal remains well supported by strong demand (as safe haven as well as large purchases by central banks), geopolitical tensions and strong expectations for Fed’s first rate cut in September. […]

The post XAU/USD Outlook: Gold Trading in Narrow Range appeared first on Action Forex.

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06/08/2024

FOMC to Act Decisively, But With Confidence

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