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XAU/USD Price Analysis and Forecast: Gold Bulls Appear Undecided Ahead of the FOMC Meeting
Gold (XAU/USD) is struggling to hold
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Gold (XAU/USD) is struggling to hold above the round $4700 level, facing some difficulty in maintaining upward momentum. According to available information, Iran has presented the United States with an updated proposal that involves restoring the functioning of the Strait of Hormuz and ending the military conflict, while discussions on a nuclear deal are postponed to a later date. Such developments increase expectations of a possible diplomatic resolution between the US and Iran and simultaneously weaken the US dollar's position
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Irina Yanina,
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