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XAU/USD remains under pressure below $2,030, eyes on Chinese data, US Retail Sales

Gold price (XUA/USD) remains under pressure below the mid-$2,000s during the early Asian session on Wednesday. The ongoing US Dollar (USD) demand and higher US Treasury yields drag the yellow metal lower. At press time, the gold price is trading at $2,025, losing 0.09% for the day. The US Dollar Index (DXY), a measure of the value of the USD against…

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