Gold Price Forecast: XAU/USD hits lows near $4,650 as Fed easing hopes dim
Gold (XAU/USD) pulls back from last week’s high on Monday, reaching session lows a few dollars above the $4,650 level at the time of writing.
Gold prices are likely to continue their downward trend as market sentiment shifts negatively with diminishing hopes for Fed easing. A further decline below the $4,650 level may be anticipated in the near term.
Gold (XAU/USD) pulls back from last week’s high on Monday, reaching session lows a few dollars above the $4,650 level at the time of writing.
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