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XAU/USD Price Analysis and Forecast: Uncertainty Over a Potential Iran Peace Agreement Supports the US Dollar
Gold (XAU/USD) remained below the $4,260
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Gold (XAU/USD) remained below the $4,260 resistance level during the early European session on Friday, while holding above the lowest level since November recorded the previous day. Conflicting rhetoric regarding a potential peace agreement between the United States and Iran has boosted demand for the U.S. dollar, which remains a key factor weighing on precious metal prices.Additional pressure comes from the Federal Reserve's hawkish stance, which continues to encourage capital flows away from non-yielding assets such as gold.On Thursday, U.S.
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