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Dollar strength sustains pressure on gold as XAU/USD holds below $4,500
In early European trading on Wednesday,
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In early European trading on Wednesday, XAU/USD remained intraday weaker and traded below the psychologically significant $4,500 level — the weakest level since March 30. Market participants remain skeptical about prospects for a peace agreement between the United States and Iran. That skepticism, together with inflationary risks and expectations of further monetary tightening by the Federal Reserve, has supported demand for the dollar, which is trading near six-week highs and weighing on the price of the precious metal. On Tuesday, President Donald
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