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Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure…

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Gold Nears $2,000 Amid Global Tensions

For decades, gold has remained the best-performing asset class, providing double-digit returns for investors. True to form, gold demand this quarter remains above the long-term average as precious metal prices continue to move in response to global events. According to the World Gold Council (WGC), gold buying by central banks also continues at a scorching…

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Gold Demand Trends Q3 2023

Q3 gold demand firmly above longer-term average Central banks gold buying maintained a historic pace but fell short of the Q3’22 record. Jewellery demand softened slightly in the face of high gold prices, while the investment picture was mixed. Gold demand (excluding OTC) in Q3 was 8% ahead of its five-year average, but 6% weaker y/y at…

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