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XAU/USD. Analysis and Forecast. Gold is supported by moderate USD weakness and trade-related uncertainty
Today, gold is trading higher, remaining
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Today, gold is trading higher, remaining within a sideways trend. Late Thursday, Federal Reserve official Christopher Waller stated that rising risks to the economy could justify a key rate cut, emphasizing that the central bank should consider lowering its target interest rate as early as July, given signs of labor market weakening. These comments put some pressure on the US dollar, causing it to decline.At the same time, market participants have already priced in a potential 50 basis point rate
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