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Gold Price Analysis: XAU/USD rallies to $1,960 highs on risk appetite – FXStreet
Gold futures have ticked higher on Friday to reach seven-week highs at $1,960. Bullion has appreciated nearly 4% on the week boosted by USD weakness a
- XAU/USD rallies 4% on the week to reach $1,960 highs.
- Risk appetite boosts gold demand and sends the USD tumbling.
Gold futures have ticked higher on Friday to reach seven-week highs at $1,960. Bullion has appreciated nearly 4% on the week boosted by USD weakness amid post-US election risk rally.
The mild pullback from Thursday’s highs ar $1950 area found support at $1,935 and the yellow metal resumed its uptrend during the European trading session. The weaker greenback amid a broad risk rally has…
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