GOLD XAUUSD Chart Technical Outlook

The GOLD market XAUUSD Chart Technical Outlook struggles to build on its slight gains in the Asian market, hovering near the lowest point since October 19 seen the day before. Mixed messages from Federal Reserve officials regarding the rate hike trajectory have led to a withdrawal from non-interest-bearing gold since the week’s start. Diminished concerns over the escalation in the Israel-Hamas conflict have also reduced gold’s appeal as a safe haven.

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