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Gold Price Outlook – Support Looks Brittle as Rates Remain Elevated

September 6, 2022

Via: DailyFX

The recent sell-off in the precious metal is taking a breather after testing, and rejecting sub-$1,700/oz. levels at the end of last week. US Treasury yields remain at elevated and multi-year high levels, while the US dollar continues to hit peaks last seen over two decades ago. US dollar strength is also being supported by Euro weakness as the indefinite closure of the Nord Stream pipeline threatens European energy supplies.

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