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Gold Price Forecast: XAU/USD recovers above $4,950 as US-Iran tensions boost safe-haven demand
Gold price (XAU/USD) trades in positive territory near $4,985 during the early Asian session on Wednesday. The precious metal extends the rebound after a historic and volatile sell-off last week. Traders weigh the next round of US economic signals and the broader demand for safe-haven assets.Fxstreet
Wed, Feb 4
WTI Price Forecast: Bullish 21-day and 50-day SMA crossover keeps upside bias intact
West Texas Intermediate (WTI) Crude Oil stages a technical rebound on Tuesday, as buyers step in ahead of the $60 psychological level. At the time of writing, WTI is trading around $62.45 per barrel, up about 0.70% on the day after reversing its earlier intraday losses.Fxstreet
Tue, Feb 3
Gold rebounds sharply from four-week lows as technical buying dominates
Gold (XAU/USD) climbs more than 5% on Tuesday as dip buyers step back into the market following last week’s violent correction from record highs near $5,600. At the time of writing, XAU/USD is hovering near $4,915, extending its rebound after slipping to near four-week lows around $4,402 on Monday.Fxstreet
Tue, Feb 3
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