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Posted by
Two Blokes Jul 1 -
Filed in
Forex
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4 views
Gold price (XAU/USD) is building on the previous day's goodish recovery from the $3,248-3,247 region or a one-month low and gaining positive traction for the second successive day on Tuesday. The US Dollar (USD) selling remains unabated on the back of the growing acceptance that the Federal Reserve (Fed) would resume its rate-cutting cycle in the near future, which turns out to be a key factor acting as a tailwind for the non-yielding bullion.
