XAUUSD in turmoil: traders await the outcome
Over the past month, #XAUUSD has shown a sharp decline and increased volatility. From June 15 to July 15, gold fell by approximately 6%, dropping from around $4,300 to $4,050 per ounce. The instrument’s further dynamics will primarily depend on Federal Reserve decisions, U.S. inflation data, and developments in the Middle East: easing inflationary pressure may support a price recovery, while rising oil prices and expectations of rate hikes could trigger a new wave of selling.
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