CCY:XAUUSD

Xau/usd Currency Pair News

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$4,104.26
-85.72 (-2.05%)
At Close: Jun 23, 2026
Gold and copper were looking good until late Friday, bouncing strongly following recent weakness, the former talking out key levels in the process. Then along came the latest US Composite PMI from S&P
Gold faces a bearish short-term outlook but remains bullish long-term due to economic conditions and potential dovish Fed policy.
Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the United States (US) spurred investors' reaction to pricing out fewer interest rate cuts by the Federal Reserve
Gold's failed breakout above the 50-Day MA puts it at risk of further declines, testing key support levels at 2,307.
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