XAUUSD The price of gold has gained strength following positive data from China and new fiscal stimulus measures. The US Dollar (USD) has retreated from its six-month peak, providing additional support for the precious metal.
Increased bond yields in the US may also help limit the correction of the US Dollar (USD).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.