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Commodities

Gold Price Faces Crucial Test Above $4,350 Amid Hawkish Fed Speakers

Guavy AI Editorial Team
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Gold
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The price of Gold (XAU/USD) is facing a crucial test this week as investors await key speeches from Federal Reserve officials. The market is watching to see if the metal can hold above $4,350.

This comes after a recent surge in gold prices, driven by concerns over inflation and interest rate hikes. However, with several Fed speakers turning hawkish, some analysts are questioning whether this momentum will be sustained.

A key speech from Federal Reserve officials could influence the price of XAU/USD, which has been on an upward trend. The market is closely watching to see if gold can hold above $4,350 as investors react to the Fed's stance.

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