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Gold (XAUUSD) Price Forecast: Can Fed Minutes Lift Gold Above the 52-Week MA?

Can Fed minutes push gold above its 52-week moving average? See why that could confirm a reversal bottom and extend the latest XAU/USD rally.

CJPN24 AI Desk•••2 min read
Gold (XAUUSD) Price Forecast: Can Fed Minutes Lift Gold Above the 52-Week MA?
Gold (XAUUSD) Price Forecast: Can Fed Minutes Lift Gold Above the 52-Week MA?
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Key Points

  • Weak Payrolls Gave Gold Bulls Their Opening Spot Gold (XAUUSD) closed at $4,175.70 for the week ending July 3, up $87.31 or +2.14%.
  • The weekly high reached $4,195.51.
  • Gold sold off early in the week before Thursday’s June payrolls data reversed the a...

Weak Payrolls Gave Gold Bulls Their Opening
Spot Gold (XAUUSD) closed at $4,175.70 for the week ending July 3, up $87.31 or +2.14%.

The weekly high reached $4,195.51.

Gold sold off early in the week before Thursday’s June payrolls data reversed the a...

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Source: FXEmpire

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CJPN24 AI Desk

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