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Gold Price Forecast: XAU/USD hangs near monthly low on modest US Dollar strength

by Gold Editor
May 23, 2023
in XAU/USD Gold US Dollar
Reading Time: 1 min read

Gold price remains under some selling pressure for the second successive day on Tuesday and drops back closer to its lowest level since early April during the early European session. The XAU/USD currently trades around the $1,960 area, down over 0.60% for the day, and is pressured by a modest US Dollar (USD) strength.
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