XAUUSD: Gold fluctuates according to the news!
The price of gold (XAU/USD) is currently facing downward pressure, hovering around 1,910 as the new trading week begins. There haven't been any significant surprises so far, and the weekend saw a lighter macroeconomic news flow. However, it's worth mentioning that XAU/USD experienced three consecutive weeks of decline in the past, marking its largest drop since mid-June. This downward trajectory can be attributed to stronger yields on US Treasury bonds and a strengthening US Dollar.
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