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XAU/USD: Price Analysis and Forecast — Fundamental Factors Favor the Bears
Gold (XAU/USD) remains under pressure, although
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Gold (XAU/USD) remains under pressure, although it is showing some resilience below the $4700 level. The US dollar has been strengthening for the third consecutive day, acting as a key factor weighing on the asset. Ongoing tensions between the United States and Iran—driven by the US naval blockade of Iranian ports and conflict in the Strait of Hormuz—remain a significant market driver. Additional pressure comes from reduced expectations of further interest rate cuts by the Federal Reserve, which supports the
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