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Trading Analysis for XAUUSD
16/01/2024

The previous trading sessions witnessed mixed movements in the gold market, with geopolitical tensions and economic indicators playing significant roles in influencing gold prices. Notably, the escalated military actions by the U.S. and Britain in Yemen heightened market uncertainties, enhancing gold’s appeal as a safe-haven asset. Economic reports such as the Consumer Price Index (CPI) and Producer Price Index (PPI) also had considerable impacts on market sentiments towards gold.

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