Gold price rallied on Wednesday, reaching a fresh two-week high of $1,877.19 a troy once. XAU/USD benefited from the broad US Dollar weakness, the la
XAU/USD Current price: $1,872.35 Tensions in the Middle East and decreasing expectations of a Fed hike weigh on yields. The United States will publish the September Consumer Price Index on Thursday. XAU/USD keeps posting higher highs, but bulls start to hesitate. tter linked to easing United States Treasury bond yields.
The country will publish the Consumer Price Index on Thursday, foreseen up by 3.6% YoY. XAU/USD short-term technical outlook The daily chart for the XAU/USD pair shows it holds near the intraday high, with bulls retaining control. Still, the bright metal trades below a bearish 20 Simple Moving Average , which partially loses its bearish strength and provides dynamic resistance at around $1,880.
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