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Gold Price Forecast: XAU/USD down but still not out as focus shifts to Powell’s speech

Gold Price Forecast: XAU/USD down but still not out as focus shifts to Powell’s speech
Gold has managed to defend the key $4,000 level on its retracement from lifetime highs of $4,059 reached on Wednesday. All eyes now turn to a slew of speeches from US Federal Reserve (Fed) officials, including Chairman Jerome Powell, due later in the day.

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