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Gold Price - Gold (XAU) Price Forecast: Dollar Strength Limits Gold Rally Ahead of Key Inflation Data
28-08-2024 02:56
Gold prices dip as the dollar strengthens; traders await key U.S. inflation data that could impact Fed rate cut decisions and gold’s future.
Gold price attracts some sellers on US Dollar recovery, potential downside seems limited
The deteriorating situation in the Middle East and the Fed’s dovish stance underpin the Gold price.