GOLD is down day 09/05/2023
The price of gold increased slightly and was supported by various factors. The US dollar was negatively impacted by the Federal Reserve's dovish expectations, which in turn benefited the XAU/USD. Additionally, concerns about a potential banking crisis and the US debt ceiling provided further support for gold. Traders are now waiting for the release of the US consumer inflation data to determine the next direction for gold prices.
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