XAU/USD. Review and analysis

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27.06.2024 03:52 PM

At the end of the June meeting, the Federal Reserve took a hawkish stance. Policymakers continue to favor only one interest rate cut by the end of the current year. Accordingly, this supports the growth of US Treasury bond yields and is a key factor restraining the growth of the non-yielding yellow metal.
Nevertheless, signs of easing inflationary pressures in the US raise hopes for a September rate cut by the Federal Reserve, which, in turn, cannot help the US dollar

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