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November 15, 2024

Gold price extends decline on bullish US Dollar, investors brace for US PPI data

The Gold price (XAU/USD) struggles to gain ground around $2,570 on Friday after bouncing off a two-month low in the previous session. The precious metal remains under selling pressure amid the strong US Dollar (USD) and the rising uncertainty surrounding the Federal Reserve’s (Fed) pace of interest rate reductions.

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