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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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