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XAU/USD Price Analysis and Forecast: Anticipation of a US–Iran Deal Weakens the US Dollar
On Wednesday, gold (XAU/USD) continued its
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On Wednesday, gold (XAU/USD) continued its upward movement for a second straight day, rising toward the round level of $4,700, where the 20-day simple moving average (SMA) is located. The weakening of the US dollar across the broader market—driven by growing optimism regarding a potential peace agreement between the United States and Iran—is supporting further recovery in gold prices after the recent decline to the $4,500 level recorded earlier this week. Additional support comes from falling crude oil prices, which
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