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The gold market is under pressure in the economy as a whole. Traders Focusing on Risk-On Assets as Gold Prospects Dim Amid Prolonged High US Interest Rates. What do you think about this!
Gold is testing around the $1,950 price level as XAU/USD faces downward pressure with a market readjustment regarding the Federal Reserve's (Fed) readiness to cut interest rates. XAU/USD is expected to continue its downward trajectory. The 4-hour chart shows technical indicators gaining bearish momentum below their midlines, with the Relative Strength Index (RSI)...