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XAU/USD – Price Analysis and Forecast: Gold Recovers as the Fed Signals No Immediate Need for Further Rate Hikes
Gold prices (XAU/USD) are recovering on
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Gold prices (XAU/USD) are recovering on Tuesday, but buying activity remains limited as investors are reluctant to increase their positions ahead of the outcome of the Federal Open Market Committee (FOMC)'s two-day meeting, which concludes on Wednesday.Federal Reserve officials have indicated that there is no immediate need for further rate hikes. However, the market assigns a probability of more than 80% to another increase in borrowing costs at the December meeting. Inflation risks associated with high energy prices are further
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