The gold price (XAU/USD) appears uncertain despite countering its bearish trend with the first positive weekly close in five weeks.
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Investors await clues about the Fed's rate-hike stance, impacting the near-term US Dollar (USD) and gold price direction.
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Recent manufacturing surveys highlighted global economic challenges with worsening economic conditions in China.
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The gold price (XAU/USD) remains strong for the fourth consecutive day, even though there's limited upward momentum ahead of important data.
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Gold's struggle to maintain gains from the previous day is evident as it hovers near $1,895 during Tuesday's Asian session.
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The gold price (XAU/USD) remains subdued at its lowest point in five months as investors turn to the US Dollar amidst uncertainty before significant data/events this week.
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The surge in gold price could be hindered by increasing activity among gold sellers due to factors like heightened market risk aversion, stronger US Treasury yields, and persistent economic challenges in China.
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The price of gold (XAU/USD) has hit a five-month low at around $1,890, then stabilized, as investors search for signals to continue the recent decline.
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The price of gold (XAU/USD) has rebounded from its lowest level since late June, driven by anticipation of the US Federal Reserve (Fed) monetary policy meeting minutes.
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