Gold Price Forecast: XAU/USD extended losses beyond $1750 as Jackson Hole looms

Gold Price Forecast: XAU/USD extended losses beyond $1750 as Jackson Hole looms

The gold price plunged 3% in the week, despite investors’ perceived dovishness of July’s FOMC minutes. US central bank policymakers continued their campaign against inflation, even though they acknowledged downside risks to growth. Gold Price Analysis (XAU/USD): Break below $1750 opened the door towards the $1711-$1739 range. Gold price drops for the fifth-consecutive day, set to finish the week down by 3%, triggered by sentiment shifting sour, while the US dollar…

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