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Back Fundamental analysis
XAU/USD Forecast: Renewed tensions between the United States and Iran impact the precious metal
Gold (XAU/USD) is trading around the
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Gold (XAU/USD) is trading around the psychological level of $4800. The U.S. dollar appears to have paused its recovery after hitting recent lows last Friday.This factor is providing notable support for the commodity. However, rising oil prices are increasing concerns about inflationary pressure and contributing to a moderate rise in U.S. Treasury yields, which could limit any significant upside in the precious metal.The conflict between the U.S. and Iran over control of the Strait of Hormuz is reducing hopes for
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