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Since the start of this week's trading, XAU/USD gold prices remained stable around their recent strong gains.
Gold markets have slowed down a bit during the Wednesday session as we finally have gotten a bit overstretched.
XAU/USD (gold) futures struggled to maintain their highest levels in eight months as a stronger US dollar and higher US Treasury yields weighed on the precious metal's gains.
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At the beginning of this week's trading, XAU/USD gold futures settled higher, as the US dollar gave up its gains against most of its major rivals.
Gold markets have rallied rather significantly during the trading session on Monday again, as we have seen a significant number of buyers jumping into the market over the last several weeks.
By the end of last week’s trading, gold futures extended their series of gains.
Gold markets have rallied rather significantly during the Friday session after the job summer came out in the United States.
Gold markets have pulled back a bit during the trading session on Thursday, as we have seen the ADP numbers come out much hotter than anticipated.
During a strong bullish retracement, the XAU/USD gold price is still moving in an upward path.
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As of this writing Gold is trading near the 1847.00 mark, this after attaining the 1865.00 ratio on early Wednesday.
Gold markets had been forming a bit of a rising wedge, but we’ve broken above the top of it during the session on Wednesday.
Gold futures appeared to start 2023 well by testing the $1850 resistance.
At the beginning of trading in the new year 2023, the price of an ounce of gold, XAU/USD, remained on its upward path.
Gold markets have been somewhat positive in the then the Monday trading session, as spot gold traded higher.
Gold futures ended 2022 relatively unchanged, erasing losses from earlier in the year.