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Gold Price Outlook: Rising US Dollar Sinks XAU/USD, Will Losses Extend? – DailyFX
Anti-fiat gold prices suffered the worst week since August as the US Dollar gained ground. Will losses extend? All eyes turn to fiscal stimulus hopes and non-farm payrolls data.
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Gold Fundamental Outlook: Neutral
- Gold prices suffered as the US Dollar gained ground
- Falling Treasury yields could yet offer some cushion
- All eyes turn to US fiscal stimulus, non-farm payrolls
Gold prices fell the most since August last week despite further losses in the S&P 500 on Wall Street. The anti-fiat yellow metal struggled in an environment where the US Dollar was rising, and risk aversion placed a greater premium for…
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