Gold price enters a bearish consolidation phase near a multi-month low touched on Wednesday. The prevalent risk-off environment is seen lending some support to the safe-haven XAU/USD. Bullish USD and elevated US Treasury bond yields cap the recovery move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.