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Since the start of trading this week gold XAU/USD starting what investors expect to be a tumultuous trading week.
At the end of last week's trading, XAU/USD gold prices rebounded strongly, taking advantage of the decline in the price of the US dollar
Gold markets have fallen a bit during the trading session on Thursday, but as you can see, have turned around to show signs of life again.
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The strong US dollar’s momentum from the Federal Reserve’s announcement yesterday contributed to the evaporation of the first rebound gains for gold XAU/USD.
Gold futures are looking to start November higher, buoyed by a weak US dollar and expectations by the Federal Reserve to slow the pace of US interest rate hikes.
Gold markets have rallied significantly during the trading session on Tuesday but have also shown quite a bit of hesitation as the market has been very noisy.
At the end of last week's trading, the price of XAU/USD gold declined to trade at a new weekly low at about $1,638 an ounce.
The gold market initially tried to rally during the trading session on Thursday but gave back gains as we continue to see a lot of noisy behavior and a lot of questions about the interest rate market.
Gold markets have tried to rally during the trading session on Wednesday but continues to see a lot of trouble near the $1680 level.
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Gold markets have fallen a bit during the trading session on Tuesday but turned around to show signs of life as we continue to see a lot of volatility in the markets overall.
Gold markets have shot higher initially during the trading session on Monday but gave back gains.
Gold markets initially drifted toward a major support level in the form of $1620, before turning around and showing signs of strength.
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Gold markets have rallied just a bit during the trading session on Thursday as we continue to hang on to a major support level.
Gold markets have sold off drastically during the trading session on Wednesday as we continue to see a lot of strength in the US dollar and of course the US interest rates.
The gold markets initially rallied during the day on Tuesday but continue to see a lot of downward pressure.