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December 23, 2024

Gold Price Remains Above $2,600 As Market Analyzes Sentiment

Gold price (XAU/USD) stays comfortably above the $2,600 mark, oscillating around the $2,625 region. Despite last week’s modest recovery, gold’s bullish conviction seems limited. The US Dollar’s performance is a significant factor, as bulls remain defensive below recent highs. Understanding market sentiment towards gold and other commodities will be critical for investors seeking actionable insights in the precious metals sector.

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