Gold Price Forecast: XAU/USD stays below 20-day EMA on broader risk-on rally

Gold price (XAU/USD) consolidates around $3,325 during European trading hours on Wednesday.
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USD consolidates as geo-political risks recede – Scotiabank

The US Dollar (USD) is a little firmer overall on the day so far but its broader performance only reflects a consolidation in this week’s sharp losses.
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