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XAU/USD. Price Analysis. Forecast. Gold Plummets Amid Surge in US Treasury Yields
On Thursday, gold (XAU/USD) significantly decreased,
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On Thursday, gold (XAU/USD) significantly decreased, losing over 4.5% amid rising US Treasury yields. Market pressures stemmed from investors' concerns about rising energy prices and strong US labor market data, prompting participants to reassess the likelihood of a Fed rate cut to 2027.The sharp drop in precious metal prices followed the release of macroeconomic data that reinforced expectations for a stricter monetary policy. The resilience of the US economy and signs of inflationary pressures from rising energy costs contributed to
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