$XAU Gold (XAU/USD) traded under heavy bearish pressure, dropping over 2% down toward the $3,900–$3,930 range. This drop was driven by strong U.S. economic data—including robust GDP growth, hot PCE inflation numbers, and low jobless claims—which bolstered expectations that the Federal Reserve will maintain higher interest rates, strengthening the U.S. Dollar and weighing on non-yielding assets like Gold.
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