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Gold Price Analysis: XAU/USD drops below $1,900 ahead of US data

9 days ago   |   By FXCM

XAU/USD is trading in a tight range below $1,900 on Thursday.
Wall Street looks to open the day deep in the red.
US Dollar Index climbs to fresh weekly highs above 93.70.
The XAU/USD pair closed modestly higher above $1,900 on Wednesday but struggled to push higher on Thursday as souring market sentiment helped the USD gather strength. As of writing, the pair was down 0.35% on a daily basis at $1,895.20.
USD capitalizes on risk aversion
The lack of progress in the US stimulus negotiations and renewed fears over the surging number of coronavirus cases causing nationwide lockdowns in Europe...
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