The dollar must continue to weaken for XAUUSD to move higher.
Most investors expect the Federal Reserve to raise rates by 25 basis points (bps) at next week's policy meeting.
After four consecutive 75-basis-point rate hikes, the U.S. central bank slowed the pace of tightening to 50 basis points last month.
With lower interest rates translating into lower returns on interest-bearing assets such as government bonds, investors may prefer zero-yielding gold.
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After four consecutive 75-basis-point rate hikes, the U.S. central bank slowed the pace of tightening to 50 basis points last month.
With lower interest rates translating into lower returns on interest-bearing assets such as government bonds, investors may prefer zero-yielding gold.
Subscribe and Share