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XAU/USD Price Analysis and Forecast: Rising US-Iran Tensions Strengthen the US Dollar
On Monday, gold fell below the
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On Monday, gold fell below the psychological $4,700 level, losing around 0.85% during the day amid a modest strengthening of the U.S. dollar. The main factor supporting the American currency remains ongoing geopolitical tensions, which enhance its appeal as the world's primary reserve asset. Additional pressure on gold comes from expectations of tighter monetary policy by the U.S. Federal Reserve, encouraging capital flows away from non-yielding assets.Optimism surrounding a potential peace settlement between the U.S. and Iran and easing tensions
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