Forecast for the price of gold: XAUUSD stays defensive; downside looks mitigated
On Monday, the price of gold decreases despite a little strengthening of the US dollar and a rise in US bond rates. Fears of a recession are weighing on market morale and helping the XAUUSD. The FOMC decision and this week’s significant US economic statistics remain the center of attention.
Written by: Winona Grant
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