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Commodities

Gold Price Poised for August Breakout as Consolidation Phase Ends

Guavy AI Editorial Team
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Gold
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The gold price is poised for an August breakout after six weeks of consolidation, according to FOREX.com.

The XAU/USD has been trading within a narrow range since mid-July, but analysts believe it's on the verge of breaking out.

Trading in Contracts for Differences (CFDs) carries significant risks, and losses can exceed deposits. It's essential for investors to understand these risks and seek independent financial advice if necessary.

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