Gold Weekly Forecast: XAU/USD Propelled by Softer US Inflation Outlook

Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.

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US Dollar in Freefall Heading into 2024. What Now for EUR/USD, GBP/USD, Gold?

This article examines the technical profile for EUR/USD, GBP/USD and gold (XAU/USD) after U.S. PCE encouraging data, analyzing major price thresholds heading into the last week of the year.

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US PCE Price Index Declines Adding Further Pressure on the DXY as Gold Rises to $2070/oz

US data continues to show signs of slowing down with today’s PCE print likely to fuel rate cut expectations. Gold advances toward key resistance area.

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Euro (EUR) Posts a Fresh Multi-Month High Ahead of US Inflation Report

A weak US dollar is enabling EUR/USD to press ever higher and if today’s inflation report shows US price pressures easing further, the EUR/USD rally may continue into the year-end.

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