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XAU/USD WILL CONTINUE TO SOAR FOLLOWING RATE CUTS UNCERTAINTY
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Gold prices fell in early Tuesday trading before rebounding from a one-week low, holding just above the key $4,000 support level. The precious metal continues to face headwinds stemming from diminishing expectations that the Federal Reserve will cut rates in December. With the reopening of the US government, economic data releases will resume — including the delayed September Non-Farm Payrolls — leaving investors more uncertain and prompting them to price in lower odds of another Fed rate cut before year-end.
