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Gold Prices Forecast: XAU/USD Hits Record High Amid Powell’s Rate Cut Hints

XAU/USD soared, with gold futures rallying on Powell’s dovish speech and a weak dollar, amid bullish trends and Fed rate decision anticipation. Highlights XAU/USD hits all-time high, influenced by Powell’s dovish tone. Spot gold surpasses 2020 peak, futures at $2,089.7. Market reacts to Powell’s speech; Treasury yields drop. Fed’s December rate decision eyed, amid bullish gold forecasts. Gold Market This Week:…

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Gold is a remarkable element

Gold is a remarkable element with exceptional properties that require no introduction. It boasts extraordinary characteristics, being among the densest metals, highly malleable and ductile, and an excellent conductor of both heat and electricity. Among the various forms of gold, the rarest are gold crystals, constituting less than 1% of all gold discoveries. It's worth noting that an estimated…

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Understanding Investor Stages for Bullion Investment

In the world of Bullion Investment, individuals go through distinct stages on their investment journey. From being a pre-investor with little Bullion Investment knowledge to becoming a proactive investor, these stages mark the evolution of one's financial security. We will explore the stages and how they influence your path to Bullion holdings and growth. Pre-Investor Stage: At the outset,…

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Gold price advances to multi-month top as Fed rate cut bets continue to weigh on USD

Gold price gains positive traction for the sixth straight day and refreshes its multi-month top. Dovish Fed expectations, falling US bond yields and a bearish USD continue to lend support. The overbought RSI on the daily chart warrants caution before placing fresh bullish bets. Gold price (XAU/USD) builds on this week's breakout momentum through the $2,008-2,010 horizontal barrier…

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