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Gold Price Forecast: XAU/USD retreats from over a one-week high, back below $1,715 level

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MazibFloyd

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  • Gold witnessed an intraday turnaround from over a one-week high touched earlier this Thursday.
  • Aggressive rate hikes by major central banks continue to act as a headwind for the commodity.
  • Retreating US bond yields keep the USD bulls on the defensive, though fail to lend any support.
 

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