Markets

Gold forecast: XAU/USD retreats along with dollar debasement trade - FOREX.com

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DW NOTE

Gold trades 12.5% below its January peak of $5,318 despite ongoing supply shocks — oil down 27% from highs, the Strait of Hormuz operating at half capacity for six months, and wars across three continents. If this is what gold does during a debasement trade, the debasement wasn't priced correctly to begin with.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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Gold forecast: XAU/USD retreats along with dollar debasement trade - FOREX.com

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