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Gold Dips on Hawkish Fed Remarks but Analysts Eye Long-Term Highs

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Gold prices face short-term pressure following hawkish comments and rising yields after surging 10% in August.
  • Despite near-term pullbacks, major Wall Street analysts remain heavily bullish due to fiscal spending and money printing, projecting further upside by year-end.
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XAUUSD price history

4366.50 -8.38% over the displayed period

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