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Oct 3, 2023 4:16 AM

XAUUSD: Today! Long

Gold Spot (XAUUSD)FXOpen

Description

Gold could stage a rebound if $1,810 support holds

Gold is currently consolidating its losses from the past week and is trading at its lowest level in seven months, below $1,820. Despite this, the overall bullish sentiment surrounding the United States Dollar (USD) remains strong, primarily due to the significant increase in US Treasury bond yields. As a result, the XAU/USD price is experiencing further downward pressure.
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