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Gold Price Outlook Turns to NFPs with XAU/USD Set for the Worst Week in 2 Months

July 8, 2022

Via: DailyFX

Gold prices are on course for the worst week in about 2 months, with the yellow metal down about 3.7% before the weekend nears. A key driver of gold’s descent this week has been a stronger US Dollar. The greenback’s strength this week seems to have largely stemmed from external factors. The latter include monetary policy woes in Europe and developed countries that are at risk to global growth expectations.

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