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Gold Eyes $4,700 Breakout as PCE and Jackson Hole Loom

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The Story

News Summary

  • Gold paused near $4,640 after hitting $4,680, supported by fiscal debasement trades, Treasury liquidity support, and geopolitical tensions.
  • Traders are now watching upcoming US PCE inflation data and Fed commentary at Jackson Hole to determine if bullion can breach the $4,700 barrier.
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XAUUSD price history

4326.20 -5.71% over the displayed period

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