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Gold (XAU) Daily Outlook: XAU/USD Targets $2,385; Bullish Momentum Continues
April 16, 2024
By
Chan Inari
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Gold (XAU) Daily Outlook: XAU/USD Targets $2,385; Bullish Momentum Continues
Commodities
Key Points:
Gold prices hover near $2,400 peak due to Middle East tensions and positive U.S. economic data.
The strength of the U.S. dollar from robust retail sales counters the rise of gold, despite its safe-haven appeal.
Investors await the Federal Reserve’s rate decisions influenced by Powell’s speech and upcoming economic data.
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