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GOLD PRICE FORECAST : XAU/USD

GOLD CONTINUED LOSING GROUND FOR THE THIRD STRAIGHT DAY AND DROPPED TO A THREE-WEEK LOW. THE FED'S HAWKISH STANCE, ELEVATED US BOND YIELDS, STRONGER USD CONTRIBUTED TO THE SLIDE. THE PREVALENT RISK-OFF MOOD COULD HELP LIMIT ANY FURTHER LOSSES FOR THE SAFE-HAVEN METAL.